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
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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.
Series:
Country Report No. 2005/059
Subject:
Arrears Banking Economic sectors External debt Public debt Public enterprises Public sector Revenue administration
English
Publication Date:
February 18, 2005
ISBN/ISSN:
9781451832433/1934-7685
Stock No:
1PRYEA2005001
Pages:
94
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