Paraguay: 2024 Article IV Consultation, Third Review Under the Policy Coordination Instrument, Modification of Targets, and First Review Under the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2024 Issue 200

Publication date: July 2024

ISBN: 9798400280030

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Topics covered in this book

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Exports and Imports , Finance , Inflation , Public Finance , Environmental Economics , Public investment spending , Financial inclusion , Women , Climate change , Inflation , Basel Core Principles

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Republic of Congo : 2001 Article IV

Summary

Paraguay's economy had a strong year in 2023, growing 4.7 percent. Growth this year continues to be led by robust agricultural production, exports, and high electricity generation. Monetary policy was adjusted timely to rapidly falling inflation and is now approaching a neutral stance. The fiscal position deteriorated but consolidation has started. The external current account is expected to stay close to balance. Banks remain profitable and well provisioned.