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.




The recent economic situation in Venezuela has been influenced by the implementation in April 1996 of an adjustment programme known as "Agenda Venezuela", which was based on the lifting of price and exchange rate controls and aimed to reduce the fiscal deficit. The programme, which had the financial backing of the International Monetary Fund (IMF), was launched during a boom in the petroleum market, and generally speaking delivered the expected results, curbing inflation and easing pressures on the external accounts.


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