Paraguay Resident Representative Site
Resident Representative Office in Paraguay
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.
News and Highlights
The recovery in Latin America and the Caribbean (LAC) is advancing faster than anticipated but at different speeds across countries, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook – Western Hemisphere report,
Paraguay: Addressing the Stagnation and Instability Trap provides an overview of the analytical insights and policy challenges that a country faces while on the path to sustained growth with stability.
Paraguay and The IMF
Regional Economic Outlook: Western Hemisphere
Growth in Latin America is set to pick up to about 3˝ percent in 2013, broadly in line with potential. The region continues to benefit from favorable external financing conditions and relatively high commodity prices, but these tailwinds are unlikely to last forever. The key challenges for policymakers today are preserving macroeconomic and financial stability, and building strong foundations for sustained growth in the future. More prudent fiscal policy would help ease pressure on capacity constraints, mitigate the widening of current account deficits, and prepare the economies better to deal with adverse external shocks. Exchange rate flexibility and prudential measures should continue to be used to discourage speculative capital flows. Sustaining strong output growth will require structural reforms to raise productivity growth.