| Title: | Paraguay, Government of |
| Price: | $300.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Analysis |
| Brief Excerpt: | ...Paraguay's B# foreign and local currency ratings are limited by the country's vulnerabilities to external shocks and the narrow foreign-currency earnings base. Paraguay's largely commodity-based exports are vulnerable to changes in international prices and weather conditions. The highly dollarized economy and very large share of government foreign currency debt also represent an external vulnerability if there is a sudden a nd steep devaluation. The relative importance of dollar deposits and lending in the financial system is falling but the shares of both remain above ##%. The government is even more exposed to exchange rate risk since ##% of its debt was denominated in foreign currencies at the end of #### and, unlike deposits, shows no signs of falling. More fundamentally, the ratings are constrained by the country's low levels of economic development. Despite above trend growth since #### GDP per capita was still below $#,### last year. A weak institutional framework... |
| Word Count: | 6731 |
| Length: | 12 Pages |
| Issuer: | Paraguay, Government of |
| Format: | 
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