Paraguay: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
June 14, 2010
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This Article IV Consultation reports that the overall balance of the central government of Paraguay is expected to be in equilibrium, while the central bank intends to withdraw excess liquidity as necessary to limit inflation to no more than 5 percent. Executive Directors commended the Paraguayan authorities for preserving macroeconomic stability in 2009 in the face of a severe drought and the global financial crisis. They emphasized the importance of fiscal reforms, aimed at increasing the tax ratio, strengthening fiscal management, and reducing fiscal risks.
Subject: Bank deposits, Banking, Commercial banks, Financial institutions, Financial services, Inflation, Prices, Public debt, Public enterprises, Revenue administration
Keywords: authorities of Paraguay, authority, Bank deposits, capital account surplus, Commercial banks, CR, Global, government, headline inflation, Inflation, ISCR, Paraguay, real GDP, sterilization bill, surplus
Pages:
53
Volume:
2010
DOI:
Issue:
169
Series:
Country Report No. 2010/169
Stock No:
1PRYEA2010001
ISBN:
9781455207527
ISSN:
1934-7685
