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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

English

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Brazil

In 1995 the Brazilian authorities continued to implement the Real Plan, which they had introduced in mid-1994. Within the framework of this plan, Brazil succeeded in making the transition from an economy beset by chronic inflation to one that enjoyed greater stability and was carrying forward a series of structural reforms in the areas of trade liberalization and the downsizing of the State’s role in the economy. This was an unprecedented and still delicate situation, in which economic agents were just beginning to learn to function. A significant decline in inflation was accompanied by a rise in real wages and a build-up of international reserves.

English

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