Paraguay

• Saturday, October 12th 2024 - 10:16 UTC

  IMF goes easier on heavily indebted countries such as Argentina

  

  The International Monetary Fund (IMF) announced Friday a series of cuts on overcharges to countries heavily in debt, which, albeit moderate, could benefit Argentina among other nations. Such an initiative had been resisted in the past by Washington and other G7 nations but things have changed considerably at a global level.

• Saturday, October 12th 2024 - 10:14 UTC

  Paraguay tightens the screws on fight against money laundering and terrorism financing

  

  Paraguayan authorities announced this week that adjustments were being implemented to comply with the Latin American Financial Action Task Force (Gafilat) recommendations regarding the fight against money laundering, terrorist financing, and the proliferation of weapons of mass destruction.

• Wednesday, October 9th 2024 - 08:46 UTC

  Uruguay: Montevideo-Salto route by a foreign carrier started

  

  Paraguayan carrier Paranair Tuesday performed the maiden flight between the Uruguayan cities of Montevideo and Salto, thus marking the beginning of a new era in commercial aviation with foreign operators serving domestic routes.

• Monday, October 7th 2024 - 09:12 UTC

  UK ambassador to Paraguay visits Falklands, meets Governor and MLAs

  

  Falkland Islands received the visit of the current British ambassador to Paraguay. During his brief visit, Ambassador Ramin Navai, met with the Governor of the Falklands, Alison Blake CMG, and also with members of the Legislative Assembly.

• Saturday, October 5th 2024 - 10:57 UTC

  Paraguay adopting Summer time, probably for good

  

  Pursuant to Decree 1264 dated Feb. 24, 2014, Paraguay is to return to Time Zone GMT-3 on the first Sunday of October each year. But this time around the change might become permanent, as President Santiago Peña said Friday he had no problem signing into law the newly passed bill by Congress for the so-called daylight saving time to become effective. “We do not find any reason not to do so,” the head of state pointed out.

• Thursday, October 3rd 2024 - 10:07 UTC

  Paraguay's Central Bank reports 0.2% inflation in September

  

  According to a report from Paraguay's Central Bank (BCP) released Wednesday in Asunción, the South American country's inflation in September stood at 0.2% for a cumulative 2.9% so far this year, which represented a yoy setback from the 2.5% in the same period of 2023.

• Tuesday, October 1st 2024 - 09:00 UTC

  Paraguay's GDP grows 4.6% in first semester of 2024

  

  Paraguay's Gross Domestic Product (GDP) went up 4.6% in the first semester of 2024, according to a Central Bank (BCP) report released Monday in Asunción. The document also mentioned an interannual 4.8% surge in the second quarter of 2024, up from 4.3% in the previous quarter. Thus, Paraguay outperformed the 3.8% projections for the first half of this year.

• Monday, September 30th 2024 - 08:43 UTC

  Paraguay River sets new all-time low in Asunción

  

  Paraguay's Meteorology and Hydrology Directorate reported Sunday that the Paraguay River set a new all-time low after falling four centimeters from Saturday's mark to stand at -1.17 meters.

• Thursday, September 26th 2024 - 10:45 UTC

  Poor rain forecast heralds low water levels for Paraguay River until December

  

  Poor rainfalls are expected to keep affecting the already low Paraguay River, according to local and foreign experts who gathered Wednesday in Asunción at the invitation of the Meteorology and Hydrology Directorate (DMH). Hence, there were no encouraging forecasts at least until December this year.

• Wednesday, September 25th 2024 - 15:02 UTC

  Paraguay ambitious project to increase exports to UK

  

  Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.