Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria
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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.
Series:
Country Report No. 2006/078
Subject:
Bank deposits Bank legislation Banking Economic sectors Financial institutions Financial regulation and supervision Public debt Public enterprises Public sector State-owned banks
English
Publication Date:
March 1, 2006
ISBN/ISSN:
9781451832471/1934-7685
Stock No:
1PRYEA2006004
Pages:
88
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