Paraguay: Staff Report for the 2011 Article IV Consultation
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Summary:
Paraguay weathered the global economic crisis well, supported by an appropriate policy response. The strong rebound of economic growth has given rise to overheating pressures. Policies need to adjust further to ensure a soft landing of the economy. The banking system remains sound, but there is a need to guard it against emerging risks. The monetary policy framework should be strengthened further to support the move to an inflation-targeting (IT) regime. Higher tax revenues are needed to address important deficiencies in infrastructure and basic social services.
Series:
Country Report No. 2011/238
Subject:
Basel Core Principles Credit External debt Financial regulation and supervision Fiscal policy Fiscal stance Money Public debt
Notes:
English
Publication Date:
August 2, 2011
ISBN/ISSN:
9781462321377/1934-7685
Stock No:
1PRYEA2011002
Pages:
57
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