Paraguay: 2013 Article IV Consultation-Staff Report; Press Release

February 21, 2014

Preview Citation

Format: Chicago

Paraguay: 2013 Article IV Consultation-Staff Report; Press Release, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Also available in: español

Summary

This 2013 Article IV consultation highlights the main challenge ahead for Paraguay, which is to improve social and economic development while strengthening the macroeconomic policy framework to cement strong fundamentals. Paraguay’s outlook for 2014–18 is favorable, with broadly balanced risks, despite less buoyant external conditions. The economy is expected to continue to be one of the most dynamic in the region, with growth returning to potential of about 4.5 percent a year by 2016, inflation in line with the central bank’s target rate, and small fiscal and current account deficits. Consistent with this outlook, the policy stance should be tightened in the near term, with policies guided by fiscal responsibility and incipient inflation-targeting frameworks over the medium term.

Subject: Bank deposits, Banking, Expenditure, Fiscal policy, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration

Keywords: CR, Current account, Exchange rate, Foreign currency, Global, Inflation targeting, Inflation-targeting framework, Inflation-targeting regime, ISCR, PFM legal and regulatory frameworks, Public investment and public-private partnerships (PPP), Target rate, U.S. dollar

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/060
Stock No:

1PRYEA2014001
ISBN:

9781475519006
ISSN:

1934-7685

Notes

Also Available in Spanish

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