Paraguay: Fifth Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

June 23, 2008

Preview Citation

Format: Chicago

Paraguay: Fifth Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay, (USA: International Monetary Fund, 2008) accessed September 20, 2024

Summary

The rebound in inflation since mid-2007 is mostly owed to a jump in food prices in Paraguay. The price volatility of fruits and vegetables explains the divergence between headline and core inflation indicators observed in 2007. Following a decline that started in 2006, core inflation has risen in the second part of 2007. High export volume growth, coupled with a slowdown in import growth, have led to a turn around in the current account from a small deficit in 2006 to a surplus of about 1 ½ percent of GDP in 2007.

Subject: Currencies, Economic sectors, Inflation, Money, Prices, Public debt, Public enterprises, Public sector

Keywords: Authority, CR, Currencies, Fiscal authorities, Fiscal policy, Global, Headline inflation, Inflation, ISCR, Program GDP ratio, Prudent fiscal policy, Public enterprises, Public sector, Rate of return, SDR, Surplus, Transfer program

Publication Details

Pages:

76
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2008/180
Stock No:

1PRYEA2008003
ISBN:

9781451832549
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports