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
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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
Pages:
76
Volume:
2008
DOI:
Issue:
180
Series:
Country Report No. 2008/180
Stock No:
1PRYEA2008003
ISBN:
9781451832549
ISSN:
1934-7685
