Paraguay: Fifth Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

International Monetary Fund

No 2008/180, IMF Staff Country Reports from International Monetary Fund

Abstract: The rebound in inflation since mid-2007 is mostly owed to a jump in food prices in Paraguay. The price volatility of fruits and vegetables explains the divergence between headline and core inflation indicators observed in 2007. Following a decline that started in 2006, core inflation has risen in the second part of 2007. High export volume growth, coupled with a slowdown in import growth, have led to a turn around in the current account from a small deficit in 2006 to a surplus of about 1 ½ percent of GDP in 2007.

Keywords: ISCR; CR; prudent fiscal policy; surplus; authority; SDR; fiscal policy; rate of return; transfer program; fiscal authorities; headline inflation; program GDP ratio; Public sector; Inflation; Public enterprises; Currencies; Global (search for similar items in EconPapers)
Pages: 76
Date: 2008-06-23
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