Paraguay: Selected Issues

May 11, 2016

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Format: Chicago

Paraguay: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Also available in: español

Summary

This paper focuses on the reform options for Paraguay’s fiscal responsibilities law as well as credit growth and banking system vulnerabilities. During the first year of Paraguay’s fiscal responsibility law, implementation has proven challenging, and a debate has emerged over whether its current design is excessively rigid. There are also important reputational costs to amending the framework. Paraguay has experienced rapid credit growth over the past decade. Reflecting these considerations, this chapter analyzes banks’ health and potential risks in Paraguay. Paraguay’s credit markets, as well as the rest of its financial system, are dominated by commercial banks.

Subject: Capital spending, Current spending, Expenditure, Fiscal policy, Fiscal rules, PFM legal and regulatory frameworks, Public financial management (PFM)

Keywords: Asset quality, Bank, Banking system assets, Capital spending, CR, Credit growth, Current spending, Deficit, Deficit ceiling, Deficit rule, Expenditure rule, Fiscal rules, ISCR, Paraguay, Parent bank, PFM legal and regulatory frameworks

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/117
Stock No:

1PRYEA2016002
ISBN:

9781475528503
ISSN:

1934-7685

Notes

Also Available in Spanish

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