## Paraguay: 2013 Article IV Consultation-Staff Report; Press Release

_IMF Staff Country Reports, February 21, 2014_

## Source details

**Canonical URL:** [Paraguay: 2013 Article IV Consultation-Staff Report; Press Release](https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359/bundle-manifest.json)

## Bibliographic details
- Published: February 21, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475519006.002

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### Macro outlook (2014–18)
- 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 and structural priorities
- 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.

### Policy stance and recommendations
- 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.

### Key identifiers and publication facts
- 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

_International Monetary Fund. Paraguay: 2013 Article IV Consultation-Staff Report; Press Release (IMF Staff Country Reports 2014, 060)._

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## Content in this bundle

- **_cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector**
  - [_cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr1460.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr1460 — Impact of External and Domestic Shocks on Paraguay’s Non-Agricultural Sector (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr1460.pdf){rel="external" type="application/pdf"}
- **Cr1460s**
  - [Cr1460s (Markdown version)](/-/media/websites/imf/imported-publications/external/spanish/pubs/ft/scr/2014/_cr1460s.pdf.md){rel="alternate" type="text/markdown"}
  - [Cr1460s (PDF)](/-/media/websites/imf/imported-publications/external/spanish/pubs/ft/scr/2014/_cr1460s.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2013-article-iv-consultation-staff-report-press-release-41359_