Paraguay : Sixth Review Under the Stand-By Arrangement

1PRYEA2006005 Image
Price:  $15.00

Release Date: © March, 2006
ISBN : 978-1-45183-248-8
Stock #: 1PRYEA2006005
Stock Status: On back-order

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Paraguay’s Sixth Review Under the Stand-By Arrangement reports that the program is ending successfully, having achieved the broad objectives of restoring stability and beginning a process of structural reform, albeit with some delays. At the time of program approval in 2003, Paraguay had been experiencing one of the most severe financial and budgetary crises, triggered by the regional crisis of 2002 and exacerbated by weak macroeconomic fundamentals. A quick and decisive policy response, articulated in the context of the IMF-supported program, stopped the financial crisis and put the public finances on a sustainable path.


Banks and banking , Central banks , Economic policy , Economic sectors , Financial institutions and markets , Fiscal policy , Inflation , Monetary policy , Poverty Reduction and Development , Public sector , Social indicators

More publications in this series: IMF Staff Country Reports