IMF Staff Country Reports

Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria

March 1, 2006

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Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria, (USA: International Monetary Fund, 2006) accessed September 18, 2024

Summary

The staff paper for the Third Review Under the Stand-By Arrangement on Paraguay focuses on the macroeconomic framework and medium-term scenario, risks, and capacity to repay the IMF. There have been delays in implementing some structural measures, especially related to the approval of banking legislation, owing to a shift in the political environment and congressional delays. Macroeconomic performance has been better than envisaged under the program. The authorities have adopted a new strategy involving a two-stage approach that they believe is politically feasible to achieve but will require more time to implement.

Subject: Bank deposits, Bank legislation, Banking, Economic sectors, Financial institutions, Financial regulation and supervision, Public debt, Public enterprises, Public sector, State-owned banks

Keywords: Authority, Bank legislation, Banking system, CR, Expenditure estimate, Global, Government, Government assessment, ISCR, Macroeconomic performance, Paraguay authorities' request, Public enterprises, Public sector, State banking system, State-owned banks

Publication Details

  • Pages:

    88

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/078

  • Stock No:

    1PRYEA2006004

  • ISBN:

    9781451832471

  • ISSN:

    1934-7685