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Paraguay - Country economic memorandum (Inglês)

Agriculture has been Paraguay's main source of growth since colonial times. Agricultural exports continue to be a major determinant of the rhythm of growth. New sources of growth (commerce, tourism, and construction) were developed in the 1960s. In the 1970s, growth accelerated sharply, with the growth of the agricultural frontier, and more importantly, the construction of Itaipu dam. The sale of surplus hydro-power from Itaipu, and from Yacireta when it is completed, will benefit Paraguay for years to come. The new government has taken a number of strong actions to restore stability, including improving public finances, bringing down inflation, unifying and liberalizing the exchange rate, freeing many interest rates, and initiating a tax reform. A number of structural changes that would continue to contribute towards these goals are advanced in this report. Shifts in agricultural policy to promote a more intensive pattern of development and continued investment in and maintenance of transport infrastructure are essential. Changes in financial sector regulation to reduce the artificial barriers between institutions and to improve financial supervision need attention. Reduction and unification of tariffs, improvements in management of privatizations and joint ventures, and tax reform that lowers rates to collectible levels will prepare Paraguay for the signed MERCOSUR (Mercado Comun del Cono Sur) treaty.

Detalhes

  • Data do documento

    1992/08/31

  • TIpo de documento

    Memorando Econômico do País

  • No. do relatório

    11122

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Paraguai,

  • Região

    América Latina e Caribe,

  • Data de divulgação

    2010/07/01

  • Disclosure Status

    Disclosed

  • Nome do documento

    Paraguay - Country economic memorandum

  • Palavras-chave

    inflation;Agriculture;Tax Reform;foreign exchange;infrastructure and social sector;lack of transport infrastructure;Efficiency of Public Expenditures;interest rate on deposit;ceilings on interest rates;efficient use of resource;balance of payment;multiple exchange rate;intensive land use;gross national product;nonfinancial public sector;trade policy reform;high growth rate;water and sewage;world war i;reduction in tariffs;high tax rate;income tax reform;increase tariff;market interest rate;fixed exchange rate;rapid growth rate;delivery of service;tax revenue increase;improvement in productivity;foreign exchange receipts;per capita income;domestic price level;engine of growth;health and nutrition;financial sector reform;allocation of resource;pattern of development;Exchange rate policies;exchange rate policy;suspension of disbursement;interest rate policy;debt service ratio;improvements in efficiency;public sector resource;land information system;productivity of capital;cost of living;technology and markets;volume of trade;cessation of hostility;hydroelectric plant;agricultural frontier;private bank;external demand;flat rate;social indicator;Exchange Rates;international rate;Tax Administration;foreign reserve;agricultural product;small farmer;enterprise management;free rate;relative price;cash basis;accrual basis;financial system;social unrest;investment increase;external credit;foreign financing;commercial bank;domestic inflation;agriculture sector;Macroeconomic Stability;sales tax;hydroelectric potential;private investment;public finance;agricultural growth;protectionist policy;political stability;external borrowing;Electricity;financial policies;public capital;luxury good;controlled condition;Credit policies;tax payment;credit policy;real gdp;export demand;renewable resource;export growth;agriculture product;agricultural productivity;tobacco exports;informal sector;export market;port facility;import tariff;Sanction System;international communications;cement plant;river transport;financial crisis;Water Services;reduce river;tax base;export incentive;alternative scenarios;shipping cost;hydropower development;fixed investment;efficient system;high penalty;macroeconomic instability;exchange control;resource flow;enterprise finance;economic stagnation;government deficit;construction sector;bilateral creditor;traditional products;debt guarantee;Macroeconomic Policy;substantial inflow;environmental consideration;external fund;domestic production;long-term debt;land exploitation;distinct phase;increase productivity;vegetable oil;foreign immigration;raw material;Tree Growing;limited resources;foreign lender;financial instability;increasing exports;road connection;radical change;Energy Sector;external arrears;exchange market;rediscount rate;transitory income;copyright notice;political instability;capital expenditure;market price;compulsory investment;export transaction;reserve requirement;legal provision;loan institution;live birth;Financial Stability;Macroeconomic Management;market force;urban agricultural policy;increased spending;domestic credit;Banking Law;domestic demand;financial difficulties;official statistic;national account;capital adequacy;foreign operation;bank portfolio;road link;rising inflation;civil works;foreign borrowing;international reserve;aggregate growth;portfolio quality;prudential supervision;construction expenditures;generating capacity;noncommercial purposes;international level;external account;weather condition;domestic policies;fair share;domestic saving;capital flight;multilateral lender;hydroelectric capacity;energy venture;stamp tax;oil refinery;oil revenue;tax law;rural transportation infrastructure;artificial barrier;colonial times;financial supervision;credit need;statistical appendix;lower rate;public saving;adjustment process;data quality;international cooperation;classroom use;hydroelectric resource;capital outflow;land occupation;poverty alleviation;urgent attention;specific taxes

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