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Paraguay and World Bank seek green strategy

RIO DE JANEIRO, BRAZIL – The objective was confirmed by Minister of Finance Óscar Llamosas, during his participation in the first day of the “Green Economy Week. Development opportunities for Paraguay.”

The online event organized by the Treasury, the World Bank (WB) and the Central Bank of Paraguay (BCP), will run through December 3 and includes a number of lectures by international experts.

Paraguay’s Minister of Finance Óscar Llamosas. (photo internet reproduction)

BCP president José Cantero and WB vice-president Carlos Felipe Jaramillo also took part in the opening ceremony, while the WB’s resident representative in Paraguay Matilde Bordón acted as moderator.

During his presentation, the head of the Treasury said that the Ministry of Finance believes it is essential to have well-defined financing strategies in order to prioritize the projects included in the National Public Investment System; understanding the type of fiscal and tax policies that may encourage investments in the green value chain, forestry plantations and the energy sector, among others, is also crucial.

He added that the Ministry of Economy has been working for over two years to strengthen the institution’s involvement in issues related to climate change, environmental services and nature-based solutions.

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