Paraguay: Second Review Under the Policy Coordination Instrument, Request for an Extension of the Policy Coordination Instrument, Modification of Targets, Inflation Band Consultation, and Request of Arrangement under the Resilience and Sustainability

Second Review Under the Policy Coordination Instrument, Request for an Extension of the Policy Coordination Instrument, Modification of Targets, Inflation Band Consultation, and Request of Arrangement under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Paraguay

Author: International Monetary Fund. Western Hemisphere Dept.

Paraguay: Second Review Under the Policy CoorInstrument, Request for an Extension of the Policy Coordination Instrument, Modification of Targets, Inflation Band Consultation, and Request of Arrangement under the Resilience and Sustainability Facility-Press Release

Volume/Issue: Volume 2024 Issue 001

Publication date: January 2024

ISBN: 9798400261237

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English
Spanish

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Money and Monetary Policy , Public Finance , International - Economics , Environmental Economics , Public Policy- Environmental Policy , inflation expectation , inflation-targeting regime , sound capacity , BCP credit survey , RSF request , Climate change , Electricity , Global , South America

Also of interest

Kenya: Seventh and Eighth Reviews Under the Extended Fund Facility and Extend...

Mexico: 2024 Article IV Consultation and Review Under the Flexible Credit Lin...

Republic of Congo : 2001 Article IV

Peru

Summary

Paraguay's economy is set to grow at around 4.5 percent in 2023, led by robust agricultural production and exports combined with high electricity generation. Inflation has receded rapidly allowing for a reduction of the monetary policy rate to the current 7.25 percent. The fiscal position of the central government is weaker than projected during the 1st PCI review, with a deficit of 4.1 percent of GDP in 2023, not least due to settlement of outstanding claims. The external current account reversed into a surplus. President Santiago Peña took office in August.