IMF Staff Country Reports

Paraguay: Staff Report for the 2012 Article IV Consultation

August 1, 2012

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Paraguay: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed October 9, 2024

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Summary

The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery measures have been under way with active government intervention in the implementation of a new budget, tax reforms, and new monetary and fiscal policies. The central bank has undertaken measures to increase non-agricultural revenue and strengthen the cooperative sector. Although it commended fiscal prudence, the Executive Board advised on an improved tax regime, promotion of public investment, and the need to devise long-term strategies.

Subject: Bank deposits, Banking, Basel Core Principles, Commercial banks, Economic sectors, Exchange rates, Financial institutions, Financial regulation and supervision, Foreign exchange, Inflation, Prices, Public sector

Keywords: Basel Core Principles, Central bank target, Commercial banks, Contracting GDP, Core inflation, CR, Credit growth, Exchange rates, Executive board discussions of article IV consultation, Expenditure growth, Foreign currency, Global, Inflation, Interest rate, ISCR, Monetary policy, Private sector, Public sector, Revenue growth, Strong expenditure growth, U.S. dollar

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/211

  • Stock No:

    1PRYEA2012001

  • ISBN:

    9781475506792

  • ISSN:

    1934-7685

Notes