Paraguay : Request for Stand-By Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

1PRYEA2006008 Image
Price:  $15.00

Release Date: © August, 2006
ISBN : 978-1-45183-251-8
Stock #: 1PRYEA2006008
Stock Status: On back-order

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The authorities’ program for 2003–05, supported by the previous Stand-By Arrangement (SBA), successfully stabilized the economy despite difficult conditions. A new economic program for 2006–08 is needed to consolidate macroeconomic stability, address remaining vulnerabilities, and create the conditions for higher growth. In the context of a benign environment, inflation fell significantly to 2¾ percent in 2004—the lowest inflation rate since the early 1970s. The return of capital flight in 2004 satisfied increases in the demand for money and generated a rapid growth of monetary aggregates.


IMF governance and operations , Operations , Stand-by Arrangements

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