Paraguay: Request for a Stand-By Arrangement

March 16, 2004

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Paraguay: Request for a Stand-By Arrangement, (USA: International Monetary Fund, 2004) accessed December 23, 2024

Summary

The Paraguayan authorities have prepared an economic program to stabilize their macroeconomic situation and begin a process of structural reform. Fiscal adjustment and structural reforms should pave the way for more rapid growth over the medium term. Despite these expected improvements in economic policies and performance, Paraguay remains vulnerable to external shocks. The fiscal situation has deteriorated sharply in recent years. Severe financing constraints have produced sizable public sector payments arrears. On the revenue side, the government's fiscal strategy is to raise revenues while minimizing increases in tax rates.

Subject: Arrears, Banking, Commercial banks, Economic sectors, External debt, Financial institutions, Public debt, Public enterprises, Public sector

Keywords: Arrears, Asset quality, Commercial banks, Consumer price inflation, CR, East Asia, Eastern Europe, Global, Government, ISCR, Middle East, North Africa, Paraguay's monetary policy, Pension reform Law, Public enterprises, Public sector, Senate vote, Sub-Saharan Africa

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/066
Stock No:

1PRYEA0012004
ISBN:

9781451832396
ISSN:

1934-7685

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