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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.

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Bolivia

The annual rate of economic growth in Bolivia accelerated to 4% in 1993 more than double that of the previous year, the economy thus recovered the growth rate recorded in 1990-1991. At the same time, inflation was brought down to slightly more than 9%, its lowest level in 17 years, despite the fact that the endemic fiscal deficit rose to 6% of output. All of this was helped considerably by a substantial inflow of resources from abroad, equivalent to around 14% of output, which financed a huge balance-of-payments deficit on current account and an increase in international reserves amounting to 2% of gross domestic product (GDP).

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