Paraguay

Request for a Two-Year Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Paraguay

• Author(s): International Monetary, International Monetary Fund. Western Hemisphere Dept.,
• Publisher: International Monetary Fund
• Pages: 73
• ISBN_13: 9798400226519
  
• Language: en
• Categories: Business & Economics / Finance / General , Business & Economics / Economics / Macroeconomics , Business & Economics / Money & Monetary Policy , Business & Economics / Public Finance , Business & Economics / International / Economics & Trade ,

Description:... Paraguay continues to recover from the COVID-19 pandemic amidst simultaneous shocks that would lead to flat GDP growth and inflation above the IT range this year. Those conditions are reflected in rising social demands within a politicized environment before the 2023 general elections. The outlook remains favorable, and the authorities are pursuing policies to follow a stronger, more resilient, and inclusive development path. On the back of very positive experiences with Fund-supported programs, the authorities are requesting approval of a two-year program supported by the Policy Coordination Instrument (PCI) to underpin the implementation of needed structural reforms.