Mr Matthew Hedges has been appointed Her Majesty’s Ambassador to Paraguay in succession to Dr Jeremy Hobbs, who will be transferring to another Diplomatic Service appointment. Mr. Hedges will take up his appointment in August 2017.1 comment
Central Bank employees will count about 30 tons of Venezuelan currency seized in a private house in Paraguay, while officials try to figure out why the vast quantity of 50- and 100-bolivar bills was brought into the country. The cash was discovered in Salto del Guaira, a city about 370 kilometers northeast of the capital of Asuncion, on the border with Brazil in a region known for the contraband trade.5 comments
Central Bank of Paraguay (BCP) CEO Carlos Fernández Valdovinos spoke of the possibility of closing this year with a growth of more than 4% of gross domestic product (GDP). Announcement due on December 5.
Various locations within the country, Central, Asunción and the metropolitan area have been area without power for several hours, even in places that were not hit directly by the adverse weather. But service had to be interruped nonetheless as several destructions were reported.
Mercosur has “lost focus” because of years of political and ideological discussions instead of concentrating in trade integration, commented Nigel Baker, deputy head of the Foreign Office South America's department during a two day visit to Paraguay. The ex ambassador in the Vatican also anticipated that Brexit, UK leaving the European Union will help strengthen overall relations with Paraguay, one of Mercosur four founding members.
The foreign ministers of Mercosur founding members will adopt a common position regarding the current disarray of the group following on Venezuela's unilateral attitudes said Paraguayan economic affairs and integration deputy minister Rigoberto Gauto.
Argentina considers that Uruguay created a vacuum in Mercosur when it unilaterally adopted the decision to devolve the block's presidency, and creating an unprecedented situation. Since then Mercosur has been involved in a serious controversy over the transfer of the presidency to Venezuela, which has strongly discredited the South American block.
The coordinators of Mercosur founding members will decide next 23 August at a meeting in Montevideo on the legal measures to be applied on Venezuela, which self proclaimed itself the presidency of the group and is also questioned for not complying with the rules and regulations to be incorporated to the group. In that case Venezuela could lose its full member status.
Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
Mercosur founding members coordinators who met in Montevideo on Thursday to address the controversy over the presidency of the group and the self proclamation to the post by Venezuela, did finally reach some conclusions, but the most significant seems to be that they continue to disagree on the steps to follow and are prepared for another round of talks.