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

_IMF Staff Country Reports, May 11, 2016_

## Source details

**Canonical URL:** [Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2016-article-iv-consultation-press-release-and-staff-report-43892)

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## Bibliographic details
- Published: May 11, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484347508.002

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### 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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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-2016-article-iv-consultation-press-release-and-staff-report-43892_