Paraguay: First Review Under the Stand-By Arrangement: Staff Report; Staff Supplement; and Press Release on the Executive Board Consideration

International Monetary Fund

No 2008/177, IMF Staff Country Reports from International Monetary Fund

Abstract: Improvements in macroeconomic conditions are encouraging, and the current macroeconomic framework for 2006 and 2007 remains valid in Paraguay. The strong fiscal performance has applied also to the rest of the public sector. The authorities have submitted a budget proposal for 2007 that preserves fiscal discipline. Monetary policy will continue to be geared toward achieving the inflation target of 7 percent in 2006. Monetary policies will aim at a further reduction of inflation for 2007. Despite the recent strengthening of the balance of payments, external vulnerabilities remain.

Keywords: ISCR; CR; staff's recommendation; safeguards policy; SDR; completion of the assessment; delay warrant; amount of SDR; Public sector; Public enterprises; Currencies (search for similar items in EconPapers)
Pages: 51
Date: 2008-06-05
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