The Central Bank of Paraguay published an update on its participation in the World Bank and International Monetary Fund Annual Meetings in Washington, framing the mission around Paraguay’s macroeconomic performance, progress under IMF arrangements and cooperation on financial-sector modernization. The bank said IMF officials reviewed Paraguay’s advances under the Policy Coordination Instrument and the Resilience and Sustainability Facility and highlighted satisfactory implementation of commitments, including progress in governance, transparency and financial supervision. The meetings also covered reserve management, payments systems, capital market development and broader institutional modernization. Discussions with the Inter-American Development Bank’s CAsA program focused on the central bank’s prudent asset management strategy, while meetings with the Bank for International Settlements and World Bank addressed financial modernization and cooperation opportunities under the Reserve Advisory and Management Partnership program. The central bank also highlighted Paraguay’s economic outlook, citing projected gross domestic product growth of 5.3% in 2025 and a 27% rise in private investment over the last year. Separately, the bank noted that Paraguay’s economy minister was designated chairman of the 2026 Annual Meetings to be held in Thailand, and that Central Bank of Paraguay President Carlos Carvallo received Global Finance’s Best Central Banker 2025 award.
Central Bank of Paraguay2025-10-20
Central Bank of Paraguay reports IMF recognition of policy progress and broadens multilateral cooperation at Annual Meetings
The Central Bank of Paraguay used the IMF and World Bank Annual Meetings to provide an update on Paraguay’s economy and its policy engagement with multilateral institutions. It said the IMF judged progress under the Policy Coordination Instrument and Resilience and Sustainability Facility as satisfactory, while other meetings focused on reserve management, payments modernization and capital market development. The bank also pointed to projected 2025 gross domestic product growth of 5.3%.