Paraguay: Request for Stand-By Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

August 14, 2006

Preview Citation

Format: Chicago

Paraguay: Request for Stand-By Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

The authorities’ program for 2003–05, supported by the previous Stand-By Arrangement (SBA), successfully stabilized the economy despite difficult conditions. A new economic program for 2006–08 is needed to consolidate macroeconomic stability, address remaining vulnerabilities, and create the conditions for higher growth. In the context of a benign environment, inflation fell significantly to 2¾ percent in 2004—the lowest inflation rate since the early 1970s. The return of capital flight in 2004 satisfied increases in the demand for money and generated a rapid growth of monetary aggregates.

Subject: Banking, Currencies, Economic sectors, External debt, Inflation, Money, Prices, Public debt, Public sector

Keywords: Authority, Caribbean, CR, Currencies, Government arrears, Government of Paraguay, Government reform agenda, Inflation, ISCR, Monetary authorities, Monetary policy, Prudent fiscal policy, Public sector, Reform agenda, SDR, Supportive monetary policy

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/302
Stock No:

1PRYEA2006008
ISBN:

9781451832518
ISSN:

1934-7685

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