Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria

March 1, 2006

Preview Citation

Format: Chicago

Paraguay: Third Review Under the Stand-By Arrangement, Request for Extension of the Arrangement, and Request for Waivers of Performance Criteria, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

The staff paper for the Third Review Under the Stand-By Arrangement on Paraguay focuses on the macroeconomic framework and medium-term scenario, risks, and capacity to repay the IMF. There have been delays in implementing some structural measures, especially related to the approval of banking legislation, owing to a shift in the political environment and congressional delays. Macroeconomic performance has been better than envisaged under the program. The authorities have adopted a new strategy involving a two-stage approach that they believe is politically feasible to achieve but will require more time to implement.

Subject: Bank deposits, Bank legislation, Banking, Economic sectors, Financial institutions, Financial regulation and supervision, Public debt, Public enterprises, Public sector, State-owned banks

Keywords: Authority, Bank legislation, Banking system, CR, Expenditure estimate, Global, Government, Government assessment, ISCR, Macroeconomic performance, Paraguay authorities' request, Public enterprises, Public sector, State banking system, State-owned banks

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/078
Stock No:

1PRYEA2006004
ISBN:

9781451832471
ISSN:

1934-7685

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