IMF praises full-tilt reform at Paraguayan central bank

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The International Monetary Fund (IMF) has lavished praise on the Central Bank of Paraguay (CBP), one of Latin America's poorest countries, for its modernisation efforts, including the introduction of a new payments platform and the release of MPC minutes.

The CBP, which started targeting inflation as late as 2011, has embarked on a structural makeover in recent months. It launched a Real Time Gross Settlements (RTGS) payments system in November and last month narrowed the band around its 5%

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