This 2013 Article IV Consultation highlights that robust growth in Paraguay has been accompanied by declining inflation, particularly since 2011 when the central bank adopted inflation targeting. Despite the acceleration in growth in the 2000s, poverty and inequality in Paraguay remain among the highest in the region. Activity rebounded to an estimated 13 percent in 2013. The outlook for 2014 is positive. Growth should be strong at 4.8 percent, underpinned by continued dynamism in the agricultural sector and rising infrastructure investment. Annual inflation will likely increase to the central bankas target rate of 5 percent.Western Hemisphere Dept. ... services from its current5 percent tothe10 percent generalrate, ontop of the recent increasein rural and urban property taxes. ... tax and customs administration bygiving priority to new information andrisk management systems, improving the quality of ... personnel at a competitive salary, whileat the sametime opening thefiscalspace toincrease essentialsocial spending.
|Title||:||Paraguay: 2013 Article IV Consultation-Staff Report; Press Release|
|Author||:||International Monetary Fund. Western Hemisphere Dept.|
|Publisher||:||International Monetary Fund - 2014-02-21|