This statement provides additional information on developments since the issuance of the staff report for the sixth and final review under the Stand–By Arrangement for Paraguay. This information does not change the thrust of the staff appraisal.
Paraguay: Quantitative Performance Criteria
|1. Overall balance of the central administration (floor, in billions of guaranies)1/||184||1,054√||330||1,162√||0||546√||95||802√||213||1,497√|
|2. Wage bill of the central administration (ceiling, in billions of guaranies)1/||2,055||1,940√||3,086||2,949√||4,443||4,360√||1,195||1,167√||2,429||2,364√|
|3. Overall balance of the public sector (floor, in billions of guaranies)1/||202||1,669√||459||1,930√||0||930√||172||1,292√||253||2,045√|
|4. Net international reserves (floor, in millions of U.S. dollars)2/||1,900||2,153√||1,915||2,182√||1,920||2,462√||2,412||2,638√||2,462||3,197√|
|5. Net domestic assets (ceiling, in billions of guaranies)2/||−6,645||−7,762√||−6,700||−7,756√||−6,016||−8,229√||−8,436||−9,285√||−8,692 -||11,917√|
|Public debt and arrears targets|
|6. Contracting or guaranteeing of nonconcessional external debt by the NFPS (ceiling, in millions of US$)1/||500||0√||500||10√||500||254√||500||70√||500||227√|
|7. Contracted or guaranteed short-term external debt by the NFPS||0||0√||0||0√||0||0√||0||0√||0||0√|
|8. Non-accumulation of external debt arrears||0||0√||0||0√||0||0√||0||0√||0||0√|
Cumulative flows from the beginning of the calendar year.
Stocks. NIR is adjusted upward (downward) for any increase (decrease) in reserve requirement for foreign currency deposits (above pre–specified amounts) and upward by the amount of any program disbursements. Similarly, the NDA target will be adjusted downward (upward) following the adjustment in the NIR.