{
  "title": "Paraguay: Sixth Review Under the Stand-By Arrangement",
  "publication": "IMF Staff Country Reports, March 9, 2006",
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  "summary": "Paraguay’s Sixth Review Under the Stand-By Arrangement reports that the program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays.",
  "authors": [
    "Arrangement Paraguay’s Sixth Review Under"
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  "publishDate": "2006-03-09",
  "series": "IMF Staff Country Reports",
  "sections": [
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      "heading": "Executive summary",
      "content": "- The program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays.\n- A quick and decisive policy response, articulated in the context of the IMF-supported program, stopped the financial crisis and put the public finances on a sustainable path."
    },
    {
      "heading": "Background and crisis context",
      "content": "- At the time of program approval in 2003, Paraguay had been experiencing one of the most severe financial and budgetary crises.\n- The crisis was triggered by the regional crisis of 2002 and exacerbated by weak macroeconomic fundamentals."
    },
    {
      "heading": "Policy response and outcomes",
      "content": "- The IMF-supported program provided the framework for a quick and decisive policy response.\n- Outcomes attributed to the program:\n  - Financial crisis was stopped.\n  - Public finances were placed on a sustainable path.\n  - Initiation of a process of structural reform, though some reforms experienced delays."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Bank deposits, Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Financial services, Public debt, Public sector\n- Keywords: Bank deposits, central bank of Paraguay, Commercial banks, CR, foreign currency, fund staff estimate, GDP ratio, inflation rate, ISCR, Paraguay's Stand-By Arrangement Paraguay, Public sector, SDR, Stand-By Arrangement\n\n---\n\n Content in this bundle\n\n- cr06100\n  - cr06100 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06100 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/paraguay-sixth-review-under-the-stand-by-arrangement-19012"
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    "Authors: Arrangement Paraguay’s Sixth Review Under",
    "Published: March 9, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451832488.002",
    "The program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays.",
    "A quick and decisive policy response, articulated in the context of the IMF-supported program, stopped the financial crisis and put the public finances on a sustainable path.",
    "At the time of program approval in 2003, Paraguay had been experiencing one of the most severe financial and budgetary crises.",
    "The crisis was triggered by the regional crisis of 2002 and exacerbated by weak macroeconomic fundamentals.",
    "The IMF-supported program provided the framework for a quick and decisive policy response.",
    "Outcomes attributed to the program:",
    "Subjects: Bank deposits, Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Financial services, Public debt, Public sector",
    "Keywords: Bank deposits, central bank of Paraguay, Commercial banks, CR, foreign currency, fund staff estimate, GDP ratio, inflation rate, ISCR, Paraguay's Stand-By Arrangement Paraguay, Public sector, SDR, Stand-By Arrangement",
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