Economic Survey of Latin America and the Caribbean 1994-1995

image of Economic Survey of Latin America and the Caribbean 1994-1995

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.



Economic policy

In 1994 the focus of economic policy in the Latin American and Caribbean countries continued to be on maintaining macroeconomic equilibria, since a recurrence of the serious situations encountered some years earlier remained a distinct possibility. In some countries, old problems did in fact recur or persist and required greater attention. At the same time, countries continued to place emphasis on structural reform policies, in part to help achieve macroeconomic equilibria and in part to strengthen the new operating bases of their respective economies. The momentum of structural reform manifest in the early years of the 1990s did slow somewhat, however. Although major ac vanees were announced for 1995 and following years, in Brazil, for instance, the measures were still in the study phase or in debate in the legislature.


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