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 19, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2008/180
Stock No:

1PRYEA2008003
ISBN:

9781451832549
ISSN:

1934-7685

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