Economic Survey of Latin America and the Caribbean 1993

image of Economic Survey of Latin America and the Caribbean 1993

Issued in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary statistical tables are included.




The growth rate of the Paraguayan economy revived to 4% during 1993, driven by robust agricultural production under more favourable climate conditions. The increase in primary supply caused exports to expand, while the value of imports remained the same; consequently, the current balance of payments deficit was reduced. This deficit was amply covered by the flow of external resources, which made it possible to replace a portion of the international reserves lost in the previous year.


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