Economic Survey of Latin America and the Caribbean 1996-1997

image of Economic Survey of Latin America and the Caribbean 1996-1997

In 1996 and 1997, the economies of Latin America and the Caribbean appeared to have returned to the pattern of moderate growth. Part I of this publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. Part II explores the economic developments by country. Included also is a statistical annex on diskette, which contains tables extending as far back as 1980.




Colombia, plagued by hostilities at home and problems abroad, recorded a poor performance in 1996, with barely 2.2% growth. Armed conflict in the country escalated to a peak of intensity not seen for a decade, a situation worsened by labour unrest and unexpected economic policy measures. In March 1996, and again one year later, the White House refused to certify Colombian efforts to combat drug-trafficking, thus heightening uncertainty and eroding economic performance.


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