Foreign companies to invest US$5 billion in Paraguay

Paraguay has in recent years implemented policies favoring business, awakening the interest of some 28 foreign companies wishing to set up in the country. The investment potential reaches US$5 billion, as announced by Minister of Industry and Commerce (MIC) Luis Castiglioni.

RIO DE JANEIRO, BRAZIL - The announcement came after a press conference by president Mario Abdo Benítez, who headed a work meeting held at the MIC and also highlighted the investments approved under his administration.

MIC Minister Luis Castiglioni said that these investments comprise unprecedented figures and are consistent with the private sector's philosophy of becoming the main driver of wealth creation and development.

He further said that the business friendly environment, macroeconomic and financial predictability, monetary discipline, investment incentives and the country's favorable geographic location are the main tools that have attracted the attention of potential investors . . .

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