After concluding the fourth review of the Policy Coordination Instrument (PCI) with Paraguay as well as the second one on the Resilience and Sustainability Facility (SRS), the International Monetary Fund (IMF) approved a disbursement of US$186.28 million in Special Drawing Rights (SDRs) representing nearly US$ 245 million to help the South American country's green energy matrix expansion.
According to a report from Paraguay's Central Bank (BCP) released Wednesday in Asunción, the South American country's inflation in September stood at 0.2% for a cumulative 2.9% so far this year, which represented a yoy setback from the 2.5% in the same period of 2023.
The latest foreign trade report from the Central Bank of Paraguay (BCP) reveals that the country’s exports in May 2023 reached a total value of US$ 7,174.9 million, marking a significant 26.9% increase compared to the same month in the previous year.
The risk assessment agency Moody's continued to give Paraguay a stable “Ba1” rating at the end of July, despite the current shaky coronavirus economic scenario.
Paraguay's economy expanded 14.8% in the first quarter compared with the same period last year, driven mainly by farming, cattle-ranching and construction activity, the central bank said. GDP surged 8.8% in the first quarter versus the fourth quarter of 2012.