Paraguay: Staff Report for the 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria

February 18, 2005

Preview Citation

Format: Chicago

Paraguay: Staff Report for the 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria, (USA: International Monetary Fund, 2005) accessed December 23, 2024

Summary

This paper examines Paraguay’s 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria. Paraguay’s economy has stabilized in 2004, but growth remains modest. A late season drought depressed output of soy, the largest export crop, reducing expected agricultural output growth to near zero, but non-agricultural output is recovering. The guaraní has strengthened by 4 percent against the U.S. dollar so far in 2004. The fiscal situation has improved markedly since the new government took office in August 2003.

Subject: Arrears, Banking, Economic sectors, External debt, Public debt, Public enterprises, Public sector, Revenue administration

Keywords: Africa, Arrears, Authorities' effort, Authority, Bond exchange, CR, Credit rating agency Standard & Poor's, Customs authorities, Exchange, Global, IMF representative, Interest arrears, ISCR, Monetary policy management, Public enterprises, Public sector

Publication Details

Pages:

94
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2005/059
Stock No:

1PRYEA2005001
ISBN:

9781451832433
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports