Paraguay : Request for Stand-By Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

Author/Editor:

International Monetary Fund

Publication Date:

August 14, 2006

Electronic Access:

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Summary:

The authorities’ program for 2003–05, supported by the previous Stand-By Arrangement (SBA), successfully stabilized the economy despite difficult conditions. A new economic program for 2006–08 is needed to consolidate macroeconomic stability, address remaining vulnerabilities, and create the conditions for higher growth. In the context of a benign environment, inflation fell significantly to 2¾ percent in 2004—the lowest inflation rate since the early 1970s. The return of capital flight in 2004 satisfied increases in the demand for money and generated a rapid growth of monetary aggregates.

Series:

Country Report No. 06/302

Subject:

English

Publication Date:

August 14, 2006

ISBN/ISSN:

9781451832518/1934-7685

Stock No:

1PRYEA2006008

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

96

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