Paraguay: 2004 Article IV Consultation and Second Review Under the Stand—By Arrangement and Requests for Waiver and Modifications of Performance Criteria—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay

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International Monetary Fund, Feb 18, 2005 - Business & Economics - 94 pages
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This paper examines Paraguay’s 2004 Article IV Consultation and Second Review Under the Stand-By Arrangement and Requests for Waiver and Modifications of Performance Criteria. Paraguay’s economy has stabilized in 2004, but growth remains modest. A late season drought depressed output of soy, the largest export crop, reducing expected agricultural output growth to near zero, but non-agricultural output is recovering. The guaraní has strengthened by 4 percent against the U.S. dollar so far in 2004. The fiscal situation has improved markedly since the new government took office in August 2003.
 

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Contents

V Staff Appraisal
19
Boxes
22
Tables
26
Figures
47
Appendices
51
Attachments
63
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