## Paraguay: Selected Issues

_IMF Staff Country Reports, July 1, 2024_

## Source details

**Canonical URL:** [Paraguay: Selected Issues](https://www.imf.org/en/publications/cr/issues/2024/07/01/paraguay-selected-issues-551231)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/07/01/paraguay-selected-issues-551231/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/07/01/paraguay-selected-issues-551231/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/07/01/paraguay-selected-issues-551231/bundle-manifest.json)

## Bibliographic details
- Published: July 1, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400280214.002

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### Overview
- The Selected Issues paper analyzes trade barriers in Paraguay and compares Paraguay's trade performance with other Latin American nations and countries outside the region that share similar traits with Paraguay.
- The study emphasizes the role of comprehensive policies in infrastructure development, governance enhancement, and human capital improvement to promote trade.

### Key findings on trade performance and barriers
- Reducing trade barriers and overcoming infrastructure shortfalls are identified as key strategies to foster trade and economic development.
- Enhancing Paraguay’s attractiveness for investment is critical to promoting trade across sectors.
- Paraguay exhibits levels of export concentration across products and an increasing concentration across markets, which raises vulnerability.

### Risks highlighted
- Primary agricultural exports are vulnerable to droughts, creating downside risks for export stability and economic outcomes.

### Policy recommendations and strategic priorities
- Intensify diversification strategies:
  - Diversify exports both in terms of products and export markets to reduce reliance on concentrated agricultural exports.
- Invest in agricultural resilience:
  - Invest in agricultural technology and practices that enhance drought resilience to safeguard primary exports.
- Develop nonagricultural export sectors:
  - Explore and develop nonagricultural sectors for export to reduce reliance on volatile agricultural commodities.
- Implement comprehensive policies to:
  - Improve infrastructure.
  - Enhance governance.
  - Strengthen human capital.
  - Enact policies to enhance Paraguay’s attractiveness for investment.

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## Content in this bundle

- **Paraguay: Selected Issues; IMF Country Report No. 24/201; June 10, 2024**
  - [Paraguay: Selected Issues; IMF Country Report No. 24/201; June 10, 2024 (Markdown version)](/-/media/files/publications/cr/2024/english/1pryea2024003-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Paraguay: Selected Issues; IMF Country Report No. 24/201; June 10, 2024 (PDF)](/-/media/files/publications/cr/2024/english/1pryea2024003-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/07/01/paraguay-selected-issues-551231_