Paraguay: First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria

September 15, 2004

Preview Citation

Format: Chicago

Paraguay: First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria, (USA: International Monetary Fund, 2004) accessed December 23, 2024

Summary

This paper assesses Paraguay’s First Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria. Paraguay has made significant progress in the first months of the program. Economic activity has strengthened, inflation prospects have improved, and renewed confidence in economic policy management has helped boost banking system deposits and central bank reserves. Fiscal performance has been favorable, but continued reforms are needed to keep the program on track. The IMF staff welcomes the authorities’ efforts to address Paraguay’s payments arrears difficulties.

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

Keywords: Arrears, Authorities decision, Banking system indicator, Commercial banks, CR, Draft law, Financial system reform, General government outturn, Global, Government, ISCR, Pensions, Public enterprises, Public sector

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/294
Stock No:

1PRYEA0022004
ISBN:

9781451832426
ISSN:

1934-7685

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