Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report

IMF Staff Country Reports, May 11, 2016

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Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report

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Bibliographic details

• Published: May 11, 2016
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484347508.002

Recent economic developments

• Paraguay’s economy remains relatively resilient against a regional slowdown.
• The economy experienced some loss of momentum over the past year due to unfavorable external shocks.
• Macroeconomic policies remain accommodative in light of subdued inflation and slower growth.

Inflation and exchange rate

• Inflation pressures remain contained despite significant depreciation of the guaraní against the U.S. dollar.
• Headline inflation is referenced as subdued in the assessment.

Banking, credit, and financial sector

• Recently, credit growth has moderated.
• Credit quality has deteriorated.
• Subject tags include: Banking, Credit, Money, National accounts, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Revenue administration.

Policy frameworks and recommendations

• To further strengthen fiscal, monetary, and financial sector policy frameworks, Paraguay outlines a structural reform agenda and measures.
• The national development plan places emphasis on inclusive growth and poverty reduction.
• Keywords indicating policy focus: accommodative monetary policy stance, balance of payments, central bank, Credit, credit growth, monetary policy, monetary policy transmission, PFM legal and regulatory frameworks, revenue administration.

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