IMF Staff Country Reports

Paraguay: 2017 Article IV Consultation-Press Release and Staff Report

Publication Date:

July 24, 2017

Electronic Access:

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Summary:

This 2017 Article IV Consultation highlights that Paraguay has grown robustly despite a more challenging external environment. The economy gained momentum toward the end of 2016 and expanded by 6.5 percent (year-over-year) during the first quarter of 2017. Real GDP growth is projected to reach 4.2 percent in 2017, reflecting a more moderate pace of activity in the second half of the year. Investment will likely be a crucial driver of growth, as major infrastructure projects are undertaken. Over the medium term, real GDP growth is expected to remain near potential of just below 4 percent. Risks around the outlook are to the downside, especially from heightened political uncertainty in Brazil.

Series:

Country Report No. 2017/233

Subject:

Bank credit Banking Basel Core Principles Central bank policy rate Credit Financial regulation and supervision Financial services Money Public debt Revenue administration