Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

International Monetary Fund

No 2009/182, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2009 Article IV Consultation highlights that the Paraguayan economy performed very well over the past five years, with real GDP growth averaging about 5 percent a year—the best in a generation. The fiscal position strengthened considerably, thereby reducing public debt sharply to relatively low levels. The economy grew by nearly 6 percent in 2008, but growth decelerated in the last quarter of the year. Paraguay’s macroeconomic outlook has also been negatively affected by the deterioration in the global environment.

Keywords: ISCR; CR; government; monetary policy; foreign exchange; government's response; economy; U.S. dollar; wage bill increase; stimulus plan; IMF staff estimate; economic recovery plan; Commercial banks; Exchange rates; Global (search for similar items in EconPapers)
Pages: 64
Date: 2009-06-11
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