International Monetary Fund. Monetary and Capital Markets Department
At the request of the Central Bank of Paraguay (BCP), a joint technical assistance (TA) mission from the IMF’s Monetary and Capital Markets Department (MCM) and the Legal Department (LEG), provided offsite TA between June 15 and July 8, 2021 on options to enhance the existing resolution framework and the Deposit Guarantee Fund (DGF). The mission engaged in policy discussions with the authorities, building on the recommendations of the Financial System Stability Review that was completed by MCM staff in October 2017. Based on these discussions, it provided several recommendations to strengthen the existing DGF and bank resolution framework, and further buttress the arrangement for crisis preparedness and management.