02053cas a2200289 a 4500 AALejournalIMF022758 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400213779 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept.. Paraguay : 2022 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (69 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students After two consecutive years of GDP decline driven by external shocks, Paraguay's economy rebounded in 2021. In 2019, drought and flooding reduced economic growth to -0.4 percent. In 2020, the impact of the pandemic on the secondary and tertiary sectors was partly compensated by a rebound of agriculture and an extensive emergency package, and GDP fell by only 0.8 percent. Growth rebounded to 4.2 percent in 2021, but heatwaves and a severe drought decelerated the recovery and have limited 2022 growth prospects, though a recovery is projected for 2023 and the medium-term. While the loss of agricultural export revenue is affecting Paraguay's balance of payments in 2022, the external position in 2021 was stronger than the level implied by fundamentals and desirable policies. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Paraguay imf IMF Staff Country Reports; Country Report ; No. 2022/177 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=177 IMF e-Library