Paraguay: Fifth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria
February 7, 2006
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Paraguay’s Fifth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria are discussed. The overall fiscal position remains in surplus, the exchange rate weakened slightly with respect to the U.S. dollar, but considerably with respect to the Brazilian real, and international reserves continue to rise. There have been delays in implementing the structural reform agenda. The authorities need to maintain momentum and deepen the structural agenda to reduce vulnerabilities, strengthen institutions, and lay the basis for growth.
Subject: Bank legislation, Commercial banks, Economic sectors, External debt, Financial institutions, Financial regulation and supervision, Public debt, Public sector, State-owned banks
Keywords: accumulated inflation, Bank legislation, banking system indicator, CR, Global, government, implementation record, inflation pressure, ISCR, NDA target, Public sector, State-owned banks
Pages:
63
Volume:
2006
DOI:
Issue:
041
Series:
Country Report No. 2006/041
Stock No:
1PRYEA2006003
ISBN:
9781451832464
ISSN:
1934-7685
