Paraguay: Sixth Review Under the Stand-By Arrangement

March 9, 2006

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Format: Chicago

Paraguay: Sixth Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Paraguay’s Sixth Review Under the Stand-By Arrangement reports that the program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays. At the time of program approval in 2003, Paraguay had been experiencing one of the most severe financial and budgetary crises, triggered by the regional crisis of 2002 and exacerbated by weak macroeconomic fundamentals. A quick and decisive policy response, articulated in the context of the IMF-supported program, stopped the financial crisis and put the public finances on a sustainable path.

Subject: Bank deposits, Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Financial services, Public debt, Public sector

Keywords: Bank deposits, Central bank of Paraguay, Commercial banks, CR, Foreign currency, Fund staff estimate, GDP ratio, Inflation rate, ISCR, Paraguay's Stand-By Arrangement Paraguay, Public sector, SDR, Stand-By Arrangement

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/100
Stock No:

1PRYEA2006005
ISBN:

9781451832488
ISSN:

1934-7685

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