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Paraguay: Staff Report for the 2012 Article IV Consultation

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  • International Monetary Fund

Abstract

The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery measures have been under way with active government intervention in the implementation of a new budget, tax reforms, and new monetary and fiscal policies. The central bank has undertaken measures to increase non-agricultural revenue and strengthen the cooperative sector. Although it commended fiscal prudence, the Executive Board advised on an improved tax regime, promotion of public investment, and the need to devise long-term strategies.

Suggested Citation

  • International Monetary Fund, 2012. "Paraguay: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/211, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/211
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26138
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    Citations

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    Cited by:

    1. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Paraguay country study," WIDER Working Paper Series 081, World Institute for Development Economic Research (UNU-WIDER).
    2. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Paraguay country study," WIDER Working Paper Series wp-2015-081, World Institute for Development Economic Research (UNU-WIDER).
    3. Mr. Nicolas E Magud & Ms. Evridiki Tsounta, 2012. "To Cut or Not to Cut? That is the (Central Bank’s) Question In Search of the Neutral Interest Rate in Latin America," IMF Working Papers 2012/243, International Monetary Fund.

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