Paraguay: 2017 Article IV Consultation-Press Release and Staff Report

July 24, 2017

Preview Citation

Format: Chicago

Paraguay: 2017 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: español

Summary

This 2017 Article IV Consultation highlights that Paraguay has grown robustly despite a more challenging external environment. The economy gained momentum toward the end of 2016 and expanded by 6.5 percent (year-over-year) during the first quarter of 2017. Real GDP growth is projected to reach 4.2 percent in 2017, reflecting a more moderate pace of activity in the second half of the year. Investment will likely be a crucial driver of growth, as major infrastructure projects are undertaken. Over the medium term, real GDP growth is expected to remain near potential of just below 4 percent. Risks around the outlook are to the downside, especially from heightened political uncertainty in Brazil.

Subject: Bank credit, Banking, Basel Core Principles, Central bank policy rate, Credit, Financial regulation and supervision, Financial services, Money, Public debt, Revenue administration

Keywords: Basel Core Principles, Central bank, Central bank of Paraguay, Central bank policy rate, CPI index, CR, Credit, Credit dollarization, Credit growth, Global, IADB Paraguay, Inter-American Development Bank, ISCR, Monetary policy rate, Outturn, Paraguay

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/233
Stock No:

1PRYEA2017002
ISBN:

9781484312193
ISSN:

1934-7685

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