ACADEMANAGE

GDP per capita in 1996 declined, in which in 1998 it was 2,035 dollars and in 1999 it was 1,429 dollars. After this, the price of oil fell to $ 7 a barrel. The financial crisis in Southeast Asia caused the bankruptcy of most of the country's private banks. And the exchange of the sucre currency for the dollar increased from 7,000 to 25,000 sucres one dollar.
In December 2019, the Executive Board of the International Monetary Fund (IMF) approved a total disbursement of US$498 million after the completion of the second and third reviews under the Extended Fund Facility Arrangement.

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