Paraguay : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Paraguay

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

April 30, 2019

Electronic Access:

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Summary:

Paraguay has grown rapidly in the past decade and a half, the result of a bounce-back from a crisis in the late 1990s, good macro-policies, and a boom in agricultural commodity prices, which spilled over to the non-tradable sector. Poverty has fallen sharply, from 58 percent in 2002 to 26 percent currently, although it remains one of the highest in Latin America. GDP grew by around 3¾ percent in 2018, despite spill-overs of the Argentine crisis, which resulted in a sharp appreciation of the guaraní vis-à-vis the peso and the real. GDP growth in 2019 is projected to be around 3½ percent as a drought early in the planting season is affecting the soybean harvest. Inflation is within the central bank target range.

Series:

Country Report No. 19/111

Subject:

English

Publication Date:

April 30, 2019

ISBN/ISSN:

9781498312240/1934-7685

Stock No:

1PRYEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

72

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