IMF praises full-tilt reform at Paraguayan central bank
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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