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Venezuela Recent Economic Developments

This paper describes economic developments in Venezuela during the 1990s. Economic conditions remained difficult in 1995. Continued problems in the banking system, higher public sector interest obligations, a decline in oil revenues, and deterioration in the non-oil fiscal balance kept the public fi...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Staff Country Reports
Subjects:
Manufacturing Industries
Finance, Public
Depository Institutions
Commercial Banks
Public-private Enterprises
Tariffs
Tariff
Banks
International Trade Organizations
Public Finance & Taxation
Banks And Banking
Public Enterprises
Taxes
Public Sector
Financial Institutions
Trade Policy
Micro Finance Institutions
Manufacturing
Currency
Mortgages
Economic Sectors
Industry Studies: Manufacturing: General
Industries: Manufacturing
Foreign Exchange
Civil Service & Public Sector
Macroeconomics
Banking
Taxation
Exchange Restrictions
Venezuela, República Bolivariana De
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper describes economic developments in Venezuela during the 1990s. Economic conditions remained difficult in 1995. Continued problems in the banking system, higher public sector interest obligations, a decline in oil revenues, and deterioration in the non-oil fiscal balance kept the public finances under stress. The stance of monetary policy continued to be accommodating and interest rates remained negative in real terms. These policies, together with an increasingly misaligned fixed exchange rate and the maintenance of exchange controls, contributed to the further deterioration of private sector confidence
Physical Description:91 pages
ISBN:9781451840070

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