Paraguay : Sixth Review Under the Stand-By Arrangement

Author/Editor:

International Monetary Fund

Publication Date:

March 9, 2006

Electronic Access:

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Summary:

Paraguay’s Sixth Review Under the Stand-By Arrangement reports that the program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays. At the time of program approval in 2003, Paraguay had been experiencing one of the most severe financial and budgetary crises, triggered by the regional crisis of 2002 and exacerbated by weak macroeconomic fundamentals. A quick and decisive policy response, articulated in the context of the IMF-supported program, stopped the financial crisis and put the public finances on a sustainable path.

Series:

Country Report No. 06/100

Subject:

English

Publication Date:

March 9, 2006

ISBN/ISSN:

9781451832488/1934-7685

Stock No:

1PRYEA2006005

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

35

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