Paraguay: Staff Report for the 2011 Article IV Consultation

August 2, 2011

Preview Citation

Format: Chicago

Paraguay: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Also available in: español

Summary

Paraguay weathered the global economic crisis well, supported by an appropriate policy response. The strong rebound of economic growth has given rise to overheating pressures. Policies need to adjust further to ensure a soft landing of the economy. The banking system remains sound, but there is a need to guard it against emerging risks. The monetary policy framework should be strengthened further to support the move to an inflation-targeting (IT) regime. Higher tax revenues are needed to address important deficiencies in infrastructure and basic social services.

Subject: Basel Core Principles, Credit, External debt, Financial regulation and supervision, Fiscal policy, Fiscal stance, Money, Public debt

Keywords: Basel Core Principles, CR, Credit, Credit growth, Excess demand, Fiscal stance, Foreign currency, Global, Holding, ISCR, Monetary policy, Monetary policy tightening, Target band

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/238
Stock No:

1PRYEA2011002
ISBN:

9781462321377
ISSN:

1934-7685

Notes

Also Available in Spanish

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