This web page provides information in on the activities of the office, views of the IMF staff, and the relations between Paraguay and the IMF. Additional information can be found on Paraguay and IMF country page, including official IMF reports and Executive Board documents in English and Spanish that deal with Paraguay.

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At a Glance: Paraguay's Relations with the IMF

  • Current IMF membership: 189 countries
  • Paraguay joined the Fund in December 28, 1945; Article VIII
  • Total Quotas: SDR 99.90 Million
  • Loans outstanding: None
  • Last Article IV Consultation: 2014 Article IV staff report was discussed by the Executive Board on February 12, 2015, (Country Report No. 15/37, February 20, 2015)

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Adjusting Under Pressure
October 2015

Economies in the Western Hemisphere are generally seeing a slowdown in growth. The U.S. economy regained momentum after a slow start at the beginning of the year, while in Latin America and the Caribbean economic activity continues to decelerate at the regional level. Stronger U.S. growth should benefit countries in the region, especially those with tighter links through trade, remittances, and tourism (Mexico, Central America, and the Caribbean). Weaker commodity prices for the foreseeable future, however, will continue to hurt South America’s net commodity exporters—lowering national incomes, reducing investment, and worsening fiscal balances. These developments could, in turn, impede progress made in recent years in poverty reduction. Key risks, including an abrupt tightening of U.S. interest rates or a further slowdown in China, may disproportionately affect Latin America. Chapters in this report examine monetary policy in Latin America, including the region’s exposure to global financial shocks; the role of value chains and regional trade agreements in fostering trade integration; and the state of financial market development in the region.

Read the report