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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2006. "Paraguay: Request for Stand-By Arrangement—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay," IMF Staff Country Reports 2006/302, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/302
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19819
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    Cited by:

    1. International Monetary Fund, 2015. "Haiti: Ex Post Assessment of Longer-Term Engagement," IMF Staff Country Reports 2015/004, International Monetary Fund.

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