IMF Staff Country Reports

Paraguay: Staff Report for the 2012 Article IV Consultation

Publication Date:

August 1, 2012

Electronic Access:

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Summary:

The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery measures have been under way with active government intervention in the implementation of a new budget, tax reforms, and new monetary and fiscal policies. The central bank has undertaken measures to increase non-agricultural revenue and strengthen the cooperative sector. Although it commended fiscal prudence, the Executive Board advised on an improved tax regime, promotion of public investment, and the need to devise long-term strategies.

Series:

Country Report No. 2012/211

Subject:

Bank deposits Banking Basel Core Principles Commercial banks Economic sectors Exchange rates Financial institutions Financial regulation and supervision Foreign exchange Inflation Prices Public sector

Notes:

Also Available in Spanish