Paraguay: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, June 15, 2001
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- Paraguay: Staff Report for the 2001 Article IV Consultation
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Bibliographic details
- Published: June 15, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832372.002
Executive summary and macroeconomic assessment
- Adverse terms-of-trade developments and an unfavorable external environment have contributed to Paraguay's lackluster economic performance.
- Executive Directors observed fiscal slippages.
- Executive Directors noted weaknesses in national accounts calculations.
- Statistical coverage gaps identified in:
- public enterprise operations
- external tariffs
- Progress welcomed:
- improvement in the balance of payments
- improvement in money
- improvement in the central government's finances
- the country's progress toward meeting the General Data Dissemination Standard
Policy recommendations and program strategy
- Stressed the need to tighten monetary and fiscal stances.
- Stressed the need to accelerate structural reforms.
- Executive Directors welcomed the new strategy under the staff-monitored program.
Subject areas and keywords (as provided)
- Subject: Banking, Economic sectors, External debt, Financial institutions, Loans, Public debt, Public sector, State-owned banks
- Keywords: adjustable peg, Banco Nacional de Fomento, bank, bank earnings, bank portfolio, banks willingness, cash flow, company, CR, deficit, ISCR, Loans, NPL loan, Paraguay, public enterprise operation, public expenditure overrun, Public sector, public sector deficit, State-owned banks