*A statement released by the International Monetary Fund (IMF) following a visit to Paraguay has underlined the “robust growth” of Paraguay’s economy which it projects to be around 4% in 2024, highlighting a “strong performance in domestic trade, financial services, household and business services, as well as manufacturing”. The IMF statement also notes that inflation has remained within the Paraguayan central bank (BCP)’s target of 4%, with headline inflation running at 3.6% in October, and that fiscal targets were “in line with the convergence plan”, adding that “authorities are expected to meet the deficit target of 2.6% of GDP for the year”. The statement followed a visit to Paraguay by an IMF mission for talks ahead of the Fourth Review of the Policy Coordination Instrument (PCI), and Second Review under the Resilience and Sustainability Facility (RSF).
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