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Paraguay’s Export Surge and Regional Insights
In November 2023, Paraguay's exports surged by 24.0% to $15.878 billion, a significant rise from the previous year's $12.809 billion.
Additionally, the country engaged in...
Resilient Paraguayan Economy Set to Expand by 3.8% in 2024
The Central Bank of Paraguay (BCP) predicts a 3.8% growth in the country's Gross Domestic Product (GDP) for 2024.
Carlos Carvallo, the bank's president, made...
Paraguay Prioritizes New Trade Avenues Over EU-Mercosur Deal
Paraguayan President Santiago Peña has announced a strategic shift in focus for the upcoming Mercosur presidency.
Paraguay, set to lead the Southern Common Market (Mercosur),...
Paraguay’s 2022 GDP: Modest Growth Amidst Challenges
The Central Bank of Paraguay (BCP) recently announced a modest 0.2 percent increase in the country's Gross Domestic Product (GDP) for 2022.
This growth occurred...
Venezuela and Paraguay Resume Diplomatic Relations
Venezuela and Paraguay have jointly announced the restoration of their diplomatic and consular relations.
This development follows discussions between the presidents of both countries.
In a...
Paraguay’s Soybean Exports See Major Growth
In October 2023, Paraguay's soybean exports saw a significant rise, increasing by 162.9% compared to the same period in the previous year.
This data comes...
Paraguay’s Exports Grow in 2023
By October 2023, Paraguay reported a substantial 23.6% increase in exports compared to the previous year.
The Central Bank of Paraguay provided these details. The...
U.S. Opens Beef Market to Paraguay
Paraguay's President Santiago Peña announced the USDA's approval of its beef exports.
This approval comes after a 25-year break. In the past, until 1997, Paraguay...
Paraguay Seeks 24% Hike in Itaipu Dam Fees, Brazil Resists
With a capacity of 14,000 megawatts, the bi-national Itaipú only trails behind China’s Three Gorges and Baihetan dams.
The review of Annex C in the Binational...
Paraguayan Firms Plan Sea Access Through Uruguayan Ports
In February 2021, Uruguay's President Luis Lacalle Pou and Paraguay's then-President Mario Abdo Benitez talked about sea access.
They discussed how their countries could help...
Paraguay Eyes Green Bonds for Eco-Friendly Funding
Paraguay plans to issue green bonds to diversify its financing, as recently highlighted by Finance Minister Carlos Fernández Valdovinos.
The country is in talks with...
Paraguay’s Exports Rise 20.6% in Third Quarter of 2023
Paraguay's Central Bank reports a 20.6% increase in exports for Q3 2023 compared to the same period last year.
Exports reached $12.851 billion and covered...
Hostage Crisis Resolved in Paraguay’s Overcrowded Tacambu Prison
Inmates at Tacambu, Paraguay's largest and oldest prison, released about 50 hostages, including the prison director Luis Esquivel and visitors.
Deputy Minister Rodrigo Nicora led...
Brazil Considers Helping Chile and Paraguay in Israel Repatriation
Brazil is considering assisting Chile and Paraguay in repatriating their citizens from Israel, indicating that other nations might also request Brazil's help.
No formal answer...