Search Results

You are looking at 1 - 10 of 14 items for :

  • "Itaipu revenue" x
Clear All
International Monetary Fund
This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and allow for the gradual and sustainable transformation of the envisaged, yet temporary, windfall into other forms of financial, physical, and human capital. The creation of a special fund could help mobilize public support for saving part of the windfall and building a buffer for the future.
International Monetary Fund

challenges is to guarantee the efficient and sustainable use of the windfall. This is especially important given its temporary nature and the projected declining profile of Itaipu revenues, which are estimated to reach ½ percent of GDP by 2025. Another important challenge is to avoid that the windfall could further reduce the incentive to mobilize tax revenues, which are lower in Paraguay (as a share of GDP) than in similar countries in terms of income per capita and dependence on natural resource revenues. This is especially critical at the level of sub

International Monetary Fund

This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and allow for the gradual and sustainable transformation of the envisaged, yet temporary, windfall into other forms of financial, physical, and human capital. The creation of a special fund could help mobilize public support for saving part of the windfall and building a buffer for the future.

International Monetary Fund

This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and allow for the gradual and sustainable transformation of the envisaged, yet temporary, windfall into other forms of financial, physical, and human capital. The creation of a special fund could help mobilize public support for saving part of the windfall and building a buffer for the future.

International Monetary Fund

This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and allow for the gradual and sustainable transformation of the envisaged, yet temporary, windfall into other forms of financial, physical, and human capital. The creation of a special fund could help mobilize public support for saving part of the windfall and building a buffer for the future.

International Monetary Fund

Santiago Acosta-Ormaechea, Teresa Dabán-Sánchez, Walter Zarate, Ernesto Crivelli (FAD), and Sylwia Nowak (MCM) Approved by the Western Hemisphere Department May 21, 2010 Contents I. Sustainable Management of Revenues from Itaipu A. Introduction B. Main Challenges and Risks Posed by Itaipu Revenues C. Strategy to Manage Itaipu Revenues D. Key Considerations for the Design of a Fund for the Itaipu Windfall E. Conclusion References Boxes I.1. Revenues from the Hydroelectric Plant Itaipu I.2. Long-Term Projections of Itaipu Revenues

Ms. Natasha X Che

revenue over the past decade . The share has declined over the years due to the country’s strong economic performance that has increased the sizes of GDP and total fiscal revenues. But the importance of Itaipú revenue might increase with the upcoming review for the Annex C of the Treaty. Revenues from Itaipu (as percent of fiscal revenue) Sources: Itaipú and IMF staff calculation Revenues from Itaipu (as percent of GDP) II. Macro Impact of the Itaipú Treaty Renegotiation Annex C of the current Treaty is due for review in 2023 , the year when

Ms. Natasha X Che
With the debt obligation of Itaipú Binational being completed paid off by 2023, the Annex C of the Treaty of Itaipú, which governs the operation and revenue distribution of the Itaipú Dam, is due for review and possible revisions. The implications for Paraguay’s export revenues and fiscal position are potentially significant. The paper reviews the current energy distribution and sales arrangements of Itaipú and the potential implication of the Annex C revision for the future.
International Monetary Fund

Itaipu . Revenues from hydroelectric power from Itaipu could rise by another 1.5 percent of GDP a year starting in 2010, once the Brazilian congress approves a 2009 agreement. 3 Staff fully supported the government’s intention to de-politicize the use of these additional revenues by seeking approval of a law that would place them in a special fund, which would pay for high-return projects in infrastructure and technology and build up a countercyclical reserve fund. Furthermore, staff suggested that the law include a “permanent income clause” to allow the fund to

International Monetary Fund
This Article IV Consultation reports that the overall balance of the central government of Paraguay is expected to be in equilibrium, while the central bank intends to withdraw excess liquidity as necessary to limit inflation to no more than 5 percent. Executive Directors commended the Paraguayan authorities for preserving macroeconomic stability in 2009 in the face of a severe drought and the global financial crisis. They emphasized the importance of fiscal reforms, aimed at increasing the tax ratio, strengthening fiscal management, and reducing fiscal risks.