Cover IMF Staff Country Reports
Paraguay: Fifth Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 180
Language:
English
Publication Date:
23 Jun 2008
DOI:
https://doi.org/10.5089/9781451832549.002
ISBN:
9781451832549
ISSN:
1934-7685
Pages:
76
Keywords:
ISCR; CR; prudent fiscal policy; surplus; authority; SDR; fiscal policy; rate of return; transfer program; fiscal authorities; headline inflation; program GDP ratio; Public sector; Inflation; Public enterprises; Currencies; Global
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The rebound in inflation since mid-2007 is mostly owed to a jump in food prices in Paraguay. The price volatility of fruits and vegetables explains the divergence between headline and core inflation indicators observed in 2007. Following a decline that started in 2006, core inflation has risen in the second part of 2007. High export volume growth, coupled with a slowdown in import growth, have led to a turn around in the current account from a small deficit in 2006 to a surplus of about 1 ½ percent of GDP in 2007.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2008: Issue 180