Paraguay to lose investment grade should it enter money laundering “gray” list

The first week of the on-site visit of the Gafilat in Paraguay ended yesterday, and overall promising results have been observed.

RIO DE JANEIRO, BRAZIL - Express News website listed the negative consequences should Paraguay fail the assessment by the Financial Action Task Force of Latin America (Gafilat) and enter the gray list.

The website points out that Paraguay's sovereign risk rating will be lowered and the national goals of reaching investment grade level and accession to the OECD will be hindered.

In that respect, it exemplified that in such a scenario, Paraguay would no longer have access to international funds through bond sales or, ultimately, interest rates would increase significantly for them due to the risk involved in operating with . . .

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