Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria

International Monetary Fund

No 2006/078, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff paper for the Third Review Under the Stand-By Arrangement on Paraguay focuses on the macroeconomic framework and medium-term scenario, risks, and capacity to repay the IMF. There have been delays in implementing some structural measures, especially related to the approval of banking legislation, owing to a shift in the political environment and congressional delays. Macroeconomic performance has been better than envisaged under the program. The authorities have adopted a new strategy involving a two-stage approach that they believe is politically feasible to achieve but will require more time to implement.

Keywords: ISCR; CR; government; expenditure estimate; Paraguay authorities' request; authority; banking system; state banking system; macroeconomic performance; government assessment; State-owned banks; Bank legislation; Public sector; Public enterprises; Global (search for similar items in EconPapers)
Pages: 88
Date: 2006-03-01
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