Paraguay: Staff Report for the 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria
February 18, 2005
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This paper examines Paraguay’s 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria. Paraguay’s economy has stabilized in 2004, but growth remains modest. A late season drought depressed output of soy, the largest export crop, reducing expected agricultural output growth to near zero, but non-agricultural output is recovering. The guaraní has strengthened by 4 percent against the U.S. dollar so far in 2004. The fiscal situation has improved markedly since the new government took office in August 2003.
Subject: Arrears, Banking, Economic sectors, External debt, Public debt, Public enterprises, Public sector, Revenue administration
Keywords: Africa, Arrears, authorities' effort, authority, bond exchange, CR, credit rating agency Standard & Poor's, customs authorities, exchange, Global, IMF representative, interest arrears, ISCR, monetary policy management, Public enterprises, Public sector
Pages:
94
Volume:
2005
DOI:
Issue:
059
Series:
Country Report No. 2005/059
Stock No:
1PRYEA2005001
ISBN:
9781451832433
ISSN:
1934-7685
