Paraguay: Fourth Review Under the Stand-By Arrangement and Request for Reduction and Rephasing of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
June 10, 2008
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The recent tightening of credit conditions in segments of mature financial markets abroad has not had an impact on Paraguay. The current mix of macroeconomic policies combined with favorable external conditions and the appreciation of the guaraní, have facilitated strong program performance and a decline in core inflation over the past months. At the international level, there is a risk that a global slowdown associated with the credit tightening could spill over to emerging economies and to Paraguay’s neighbors, which could affect Paraguayan exports.
Subject: Bank deposits, Banking, Basel Core Principles, Economic sectors, Financial regulation and supervision, Fiscal policy, Fiscal stance, Operational risk, Public debt, Public sector
Keywords: Basel Core Principles, core inflation, CR, draft law, fiscal objective, Fiscal stance, food inflation, GDP, Global, inflation rate of September, ISCR, liquidity control instruments, Operational risk, policy implementation, Public sector
Pages:
61
Volume:
2008
DOI:
Issue:
179
Series:
Country Report No. 2008/179
Stock No:
1PRYEA2008002
ISBN:
9781451832532
ISSN:
1934-7685
