Paraguay: First Review Under the Stand-By Arrangement: Staff Report; Staff Supplement; and Press Release on the Executive Board Consideration

June 5, 2008

Preview Citation

Format: Chicago

Paraguay: First Review Under the Stand-By Arrangement: Staff Report; Staff Supplement; and Press Release on the Executive Board Consideration, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

Improvements in macroeconomic conditions are encouraging, and the current macroeconomic framework for 2006 and 2007 remains valid in Paraguay. The strong fiscal performance has applied also to the rest of the public sector. The authorities have submitted a budget proposal for 2007 that preserves fiscal discipline. Monetary policy will continue to be geared toward achieving the inflation target of 7 percent in 2006. Monetary policies will aim at a further reduction of inflation for 2007. Despite the recent strengthening of the balance of payments, external vulnerabilities remain.

Subject: Banking, Commercial banks, Currencies, Economic sectors, External debt, Money, Public debt, Public enterprises, Public sector

Keywords: Amount of SDR, Completion of the assessment, CR, Currencies, Delay warrant, ISCR, Public enterprises, Public sector, Safeguards policy, SDR, Staff's recommendation

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/177
Stock No:

1PRYEA2008001
ISBN:

9781451832525
ISSN:

1934-7685

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