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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.

English

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Dominican Republic

In 1993 the Dominican Republic made solid progress with price stabilization, but the pace of economic growth declined to 2% from the previous year’s figure of 7%. Slower growth in private expenditure resulted in a reduction in purchases from abroad, while exports continued their rapid ascent; this combination helped to narrow the gap on the balance-of-payments current account. Since the flow of external capital remained strong, international reserves continued to accumulate. The thrust of fiscal policy was to offset the slowing of private demand by increasing fiscal expenditure, while taking care not to upset the overall balance of public sector accounts.

English

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