IMF Staff Country Reports

Paraguay : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Paraguay

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

April 30, 2019

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Paraguay has grown rapidly in the past decade and a half, the result of a bounce-back from a crisis in the late 1990s, good macro-policies, and a boom in agricultural commodity prices, which spilled over to the non-tradable sector. Poverty has fallen sharply, from 58 percent in 2002 to 26 percent currently, although it remains one of the highest in Latin America. GDP grew by around 3¾ percent in 2018, despite spill-overs of the Argentine crisis, which resulted in a sharp appreciation of the guaraní vis-à-vis the peso and the real. GDP growth in 2019 is projected to be around 3½ percent as a drought early in the planting season is affecting the soybean harvest. Inflation is within the central bank target range.

Series:

Country Report No. 19/111

Subject:

Central Banks Expenditures Financial soundness indicators Fiscal responsibility law Social indicators