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.




The performance of the Brazilian economy in 1994 was strongly influenced by the implementation of the Real Plan, which -in contrast with the seven previous stabilization programmes that Brazil had tried out over nearly a decade- succeeded in slashing what had become a runaway inflation rate. The plan was implemented in the midst of the election campaign to fill executive and legislative seats at the federal and state levels. The new administration which took office in January 1995 embraced the main thrust of its predecessor's economic policy and confined itself to making adjustments to strengthen the stabilization programme.


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