Paraguay: Staff Report for the 2002 Article IV Consultation

April 8, 2003

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Paraguay: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed October 6, 2024

Summary

This 2002 Article IV Consultation highlights that Paraguay’s economic performance in recent years has been characterized by slow economic growth and increasing unemployment and poverty rates. This stagnation reflects structural impediments to growth, exacerbated by external and domestic shocks. In 2002, the economy fell into its worst recession in decades, with real GDP down by 2½ percent, according to official estimates, or 4½ percent, according to IMF staff estimates, while inflation accelerated to 14½ percent. The public finances also deteriorated sharply in 2002.

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

Keywords: Banking system deposit, Commercial banks, Consumer price inflation, CR, Draft law, Global, ISCR, Public enterprises, Public sector, Public sector arrears, Reform law

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/094
Stock No:

1PRYEA0012003
ISBN:

9781451832389
ISSN:

1934-7685

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