Paraguay: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/211, IMF Staff Country Reports from International Monetary Fund

Abstract: The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery measures have been under way with active government intervention in the implementation of a new budget, tax reforms, and new monetary and fiscal policies. The central bank has undertaken measures to increase non-agricultural revenue and strengthen the cooperative sector. Although it commended fiscal prudence, the Executive Board advised on an improved tax regime, promotion of public investment, and the need to devise long-term strategies.

Keywords: ISCR; CR; core inflation; expenditure growth; monetary policy; foreign currency; revenue growth; private sector; credit growth; contracting GDP; interest rate; executive board discussions of article IV consultation; central bank target; U.S. dollar; strong expenditure growth; Basel Core Principles; Exchange rates; Public sector; Inflation; Commercial banks; Global (search for similar items in EconPapers)
Pages: 65
Date: 2012-08-01
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