Paraguay: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2001/087, IMF Staff Country Reports from International Monetary Fund

Abstract: Adverse terms-of-trade developments and an unfavorable external environment have contributed to Paraguay's lackluster economic performance. Executive Directors observed the fiscal slippages, weaknesses in national accounts calculations, the statistical coverage of public enterprise operations and external tariffs, and stressed the need to tighten monetary and fiscal stances, and accelerate structural reforms. They welcomed the new strategy under the staff-monitored program, the improvement in the balance of payments, money, the central government's finances, and the country's progress toward meeting the General Data Dissemination Standard.

Keywords: ISCR; CR; deficit; bank; public sector deficit; Paraguay; company; adjustable peg; public expenditure overrun; public enterprise operation; cash flow; Banco Nacional de Fomento; bank portfolio; NPL loan; bank earnings; banks willingness; Public sector; Loans; State-owned banks (search for similar items in EconPapers)
Pages: 56
Date: 2001-06-15
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