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

International Monetary Fund

No 2004/294, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Paraguay’s First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria. Paraguay has made significant progress in the first months of the program. Economic activity has strengthened, inflation prospects have improved, and renewed confidence in economic policy management has helped boost banking system deposits and central bank reserves. Fiscal performance has been favorable, but continued reforms are needed to keep the program on track. The IMF staff welcomes the authorities’ efforts to address Paraguay’s payments arrears difficulties.

Keywords: ISCR; CR; government; General government outturn; banking system indicator; financial system reform; draft law; authorities decision; Arrears; Public enterprises; Public sector; Pensions; Commercial banks; Global (search for similar items in EconPapers)
Pages: 58
Date: 2004-09-15
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