Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report

May 11, 2016

Preview Citation

Format: Chicago

Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Also available in: español

Summary

This paper discusses the recent economic developments of Paraguay. Against the backdrop of a regional slowdown, Paraguay’s economy remains relatively resilient. The economy experienced some loss of momentum over the past year due to unfavorable external shocks. Inflation pressures remain contained despite significant depreciation of the guaraní against the U.S. dollar. Macroeconomic policies remain accommodative in light of subdued inflation and slower growth. Recently, credit growth has moderated, but credit quality has deteriorated. To further strengthen fiscal, monetary, and financial sector policy frameworks, Paraguay outlines structural reform agenda and measures. The national development plan places emphasis on inclusive growth and poverty reduction.

Subject: Banking, Credit, Money, National accounts, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Revenue administration

Keywords: Accommodative monetary policy stance, Balance of payments, Central bank, CR, Credit, Credit growth, Global, Headline inflation, IADB Paraguay, ISCR, Monetary policy, Monetary policy transmission, PFM legal and regulatory frameworks

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/116
Stock No:

1PRYEA2016001
ISBN:

9781484347508
ISSN:

1934-7685

Notes

Also Available in Spanish

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