Paraguay: Fifth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 041

Publication date: February 2006

ISBN: 9781451832464

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , government , banking system indicator , inflation pressure , NDA target , accumulated inflation , implementation record , Bank legislation , Public sector , State-owned banks , Global

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Republic of Congo : 2001 Article IV

Summary

Paraguay’s Fifth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria are discussed. The overall fiscal position remains in surplus, the exchange rate weakened slightly with respect to the U.S. dollar, but considerably with respect to the Brazilian real, and international reserves continue to rise. There have been delays in implementing the structural reform agenda. The authorities need to maintain momentum and deepen the structural agenda to reduce vulnerabilities, strengthen institutions, and lay the basis for growth.