IMF Staff Country Reports

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report", IMF Staff Country Reports 2024, 367 (2024), accessed December 23, 2024, https://doi.org/10.5089/9798400294266.002

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Also available in: español

Summary

Paraguay's economic activity remained strong in 2024. GDP growth is anticipated to reach 4 percent with some upward potential due to favorable performance of financial intermediation, services, and manufacturing. Inflation is firmly under control and expectations are well anchored. Monetary policy is close to its neutral stance. As projected, the current account has shifted into a wider deficit this year reflecting the post recovery adjustment in trade and higher imports. Fiscal consolidation is continuing with the deficit expected to reach the budgeted 2.6 percent of GDP. In the second part of the year, Paraguay has obtained an investment grade status from Moody’s for the first time in history.

Subject: Climate change, Environment, Expenditure, Public debt

Keywords: Climate change

Publication Details

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