This happened before the Transitional Executive Council (TEC) accepted a secret $ million loan from the IMF to help tide the country over balance of payments difficulties in November 1993” (p96).
The U.S. economy continues to strengthen largely as we expected, shaking off the temporary factors that held it back earlier in the year. We see particular strength in areas that are important to Canadian exports, such as business investment. However, we also see weaker growth prospects in a number of emerging-market economies, particularly China.