... , foreign investment dwindled, along with import and export opportunities. The economy was most hurt when neighboring countries began to suffer economic setbacks. In May of 2000, the government implemented the Fiscal Discipline Law, which placed strict limits on government spending at the sub federal level in order to curb economic setbacks. The law was designed to boost the economy out of ... the large amount of debt it had accrued over the years. The government also began an inflation targeting system as the basis of monetary policy, where the government sets a target inflation percent...

• Word Count: 3260
• Approx Pages: 13
• Has Bibliography
• Grade Level: High School