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Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

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  • International Monetary Fund

Abstract

This 2009 Article IV Consultation highlights that the Paraguayan economy performed very well over the past five years, with real GDP growth averaging about 5 percent a year—the best in a generation. The fiscal position strengthened considerably, thereby reducing public debt sharply to relatively low levels. The economy grew by nearly 6 percent in 2008, but growth decelerated in the last quarter of the year. Paraguay’s macroeconomic outlook has also been negatively affected by the deterioration in the global environment.

Suggested Citation

  • International Monetary Fund, 2009. "Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay," IMF Staff Country Reports 2009/182, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/182
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