{
  "title": "Paraguay: 2013 Article IV Consultation-Staff Report; Press Release",
  "publication": "IMF Staff Country Reports, February 21, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359",
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  "summary": "This 2013 Article IV consultation highlights the main challenge ahead for Paraguay, which is to improve social and economic development while strengthening the macroeconomic policy framework to cement strong fundamentals.",
  "publishDate": "2014-02-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macro outlook (2014–18)",
      "content": "- Outlook described as \"favorable, with broadly balanced risks.\"\n- Growth expected to return to potential of about 4.5 percent a year by 2016.\n- Inflation expected to be \"in line with the central bank’s target rate.\"\n- Small fiscal and current account deficits projected."
    },
    {
      "heading": "Main challenge and structural priorities",
      "content": "- Main challenge: improve social and economic development while strengthening the macroeconomic policy framework to cement strong fundamentals.\n- Key subject areas highlighted: Bank deposits, Banking, Expenditure, Fiscal policy, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration."
    },
    {
      "heading": "Policy stance and recommendations",
      "content": "- Near term: policy stance should be tightened.\n- Medium term: policies should be guided by fiscal responsibility and incipient inflation-targeting frameworks.\n- Emphasis on strengthening macroeconomic policy framework consistent with favorable outlook despite less buoyant external conditions."
    },
    {
      "heading": "Key identifiers and publication facts",
      "content": "- Publication date: February 21, 2014\n- Pages: 77\n- Volume: 2014\n- Issue: 060\n- Series: Country Report No. 2014/060\n- DOI: https://doi.org/10.5089/9781475519006.002\n- Stock No: 1PRYEA2014001\n- ISBN: 9781475519006\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Paraguay: 2013 Article IV Consultation-Staff Report; Press Release (IMF Staff Country Reports 2014, 060).\n\n---\n\n Content in this bundle\n\n- cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector\n  - cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector (PDF){rel=\"external\" type=\"application/pdf\"}\n- Cr1460s\n  - Cr1460s (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr1460s (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359"
    }
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    "Published: February 21, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475519006.002",
    "Outlook described as \"favorable, with broadly balanced risks.\"",
    "Growth expected to return to potential of about 4.5 percent a year by 2016.",
    "Inflation expected to be \"in line with the central bank’s target rate.\"",
    "Small fiscal and current account deficits projected.",
    "Main challenge: improve social and economic development while strengthening the macroeconomic policy framework to cement strong fundamentals.",
    "Key subject areas highlighted: Bank deposits, Banking, Expenditure, Fiscal policy, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration.",
    "Near term: policy stance should be tightened.",
    "Medium term: policies should be guided by fiscal responsibility and incipient inflation-targeting frameworks.",
    "Emphasis on strengthening macroeconomic policy framework consistent with favorable outlook despite less buoyant external conditions.",
    "Publication date: February 21, 2014",
    "Pages: 77",
    "Volume: 2014",
    "Issue: 060",
    "Series: Country Report No. 2014/060",
    "DOI: https://doi.org/10.5089/9781475519006.002",
    "Stock No: 1PRYEA2014001",
    "ISBN: 9781475519006",
    "ISSN: 1934-7685",
    "**_cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector**",
    "**Cr1460s**"
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