IMF Staff Country Reports

Paraguay: 2016 Article IV Consultation-Press Release; and Staff Report

Publication Date:

May 11, 2016

Electronic Access:

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Summary:

This paper discusses the recent economic developments of Paraguay. Against the backdrop of a regional slowdown, Paraguay’s economy remains relatively resilient. The economy experienced some loss of momentum over the past year due to unfavorable external shocks. Inflation pressures remain contained despite significant depreciation of the guaraní against the U.S. dollar. Macroeconomic policies remain accommodative in light of subdued inflation and slower growth. Recently, credit growth has moderated, but credit quality has deteriorated. To further strengthen fiscal, monetary, and financial sector policy frameworks, Paraguay outlines structural reform agenda and measures. The national development plan places emphasis on inclusive growth and poverty reduction.

Series:

Country Report No. 2016/116

Subject:

Banking Credit Money National accounts PFM legal and regulatory frameworks Public debt Public financial management (PFM) Revenue administration

Notes:

Also Available in Spanish