Paraguay: Staff Report for the 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria

February 18, 2005

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Paraguay: Staff Report for the 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria, (USA: International Monetary Fund, 2005) accessed September 18, 2024

Summary

This paper examines Paraguay’s 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria. Paraguay’s economy has stabilized in 2004, but growth remains modest. A late season drought depressed output of soy, the largest export crop, reducing expected agricultural output growth to near zero, but non-agricultural output is recovering. The guaraní has strengthened by 4 percent against the U.S. dollar so far in 2004. The fiscal situation has improved markedly since the new government took office in August 2003.

Subject: Arrears, Banking, Economic sectors, External debt, Public debt, Public enterprises, Public sector, Revenue administration

Keywords: Africa, Arrears, Authorities' effort, Authority, Bond exchange, CR, Credit rating agency Standard & Poor's, Customs authorities, Exchange, Global, IMF representative, Interest arrears, ISCR, Monetary policy management, Public enterprises, Public sector

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/059
Stock No:

1PRYEA2005001
ISBN:

9781451832433
ISSN:

1934-7685

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