Paraguay : Request for a Stand-By Arrangement

1PRYEA0012004 Image
Price:  $15.00

Release Date: © March, 2004
ISBN : 978-1-45183-239-6
Stock #: 1PRYEA0012004
English
Stock Status: On back-order

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Description

The Paraguayan authorities have prepared an economic program to stabilize their macroeconomic situation and begin a process of structural reform. Fiscal adjustment and structural reforms should pave the way for more rapid growth over the medium term. Despite these expected improvements in economic policies and performance, Paraguay remains vulnerable to external shocks. The fiscal situation has deteriorated sharply in recent years. Severe financing constraints have produced sizable public sector payments arrears. On the revenue side, the government's fiscal strategy is to raise revenues while minimizing increases in tax rates.




More publications in this series: IMF Staff Country Reports