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MercoPress, en Español

Montevideo, April 16th 2025 - 18:19 UTC

Paraguay

  • Saturday, July 27th 2024 - 08:32 UTC

    Moody's upgrades Paraguay's rating amid “robust” economic growth

    “The investment grade is a crucial step for the sustainable development of Paraguay,” Peña said from Paris

    The credit rating agency Moody's Friday upgraded Paraguay's score to “investment grade” thanks to the South American country's robust economic growth. The new status will facilitate access to credit for both the Paraguayan government and the private sector, it was explained.

  • Wednesday, July 24th 2024 - 08:38 UTC

    Biden administration picks replacement for Asunción Embassy

    Escobar still needs the Senate's nod to replace Ostfield

    The US Government of President Joseph Biden has picked career diplomat Gabriel Escobar to take over from Marc Ostfield as the next Ambassador to Asunción, it was reported Tuesday. Escobar still needs the Senate's nod.

  • Tuesday, July 23rd 2024 - 18:43 UTC

    IMF and IDB to boost Paraguay's sustainable development initiatives

    Goldfajn (R) and Georgieva (L) highlighted Paraguay's progress after meeting with President Peña

    The Inter-American Development Bank (IDB) and the International Monetary Fund (IMF) announced this week in Asunción an increase in cooperation with Latin American and Caribbean countries regarding environmental initiatives and sustainable development.

  • Monday, July 22nd 2024 - 19:54 UTC

    Paraguay's first 30 electric buses to be delivered this year

    “We are working on the technological software,” Deputy Minister Fernández explained

    The first 30 electric buses of Asunción's public network will be operational before the end of 2024, Deputy Transport Minister Emiliano Fernández announced Monday after a meeting with experts from the Taiwanese company building the vehicles. President Santiago Peña has pledged that 1,000 of these units would become available shortly.

  • Monday, July 22nd 2024 - 10:40 UTC

    Israeli newspaper links former Paraguayan President and VP to Hezbollah's finances

    Velázquez and Cartes have been declared “most corrupt” by US authorities

    An article published during the weekend by the Israeli English-language newspaper The Jerusalem Post written by Peter Marko Tase mentioned former Paraguayan President Horacio Cartes as it delved into the subject of “South American facilitators” who amplify Hezbollah's threat. The founder of the Azerbaijan-US Economic and Educational Council, Tase is an expert in South American geopolitics who has authored various books on international relations.

  • Monday, July 22nd 2024 - 10:11 UTC

    IMF Chief visits Paraguay's tourist attractions

    Georgieva visited the Itapú Hydroelectric Plant on her day as a tourist in Paraguay

    International Monetary Fund Managing Director Kristalina Georgieva Sunday visited the Itaipú Hydroelectric Power Plant and other Paraguayan tourist attractions before starting a series of engagements in the South American country this week. Her agenda includes encounters with government officials, women leaders, and representatives of civil society and the private sector. Georgieva underlined Paraguay's stability and Itaipú's role in this achievement.

  • Friday, July 19th 2024 - 06:41 UTC

    Paraguay to buy Embraer military aircraft to fight organized crime

    The Paraguayan Air Force already operates six AT-27 Tucano turboprops, the training aircraft that evolved into the Super Tucano

    Paraguayan Authorities have issued the necessary paperwork to launch the purchase process of six Brazilian-built Embraer A-29 Super Tucano aircraft to be deployed in security and crime fighting, it was reported in Asunción Thursday.

  • Thursday, July 18th 2024 - 12:46 UTC

    Terrorism is not a crime everywhere, Lacalle Pou decried

    “In this globalized world, a terrorist action on one end has an effect on the other,” stressed Lacalle at the Hilton Hotel in Buenos Aires

    Uruguayan President Luis Lacalle Pou insisted Wednesday in Buenos Aires that there were still countries where terrorism was not a crime as such. He made those remarks during his appearance at a World Jewish Congress gathering in the Hilton Hotel on the eve of the 30th anniversary of the bombing of the Argentine-Israeli Mutual Association (AMIA) headquarters.

  • Thursday, July 18th 2024 - 10:55 UTC

    Operation Sweetness, check your sugar when having coffee or tea

    President Santiago Peña said ”Operation Sweetness,” added to a string of “very sad episodes” in Paraguay, transformed in a key drug trafficking hub in the region.

    The discovery of cocaine and other hard drugs shipments to Europe from South American Atlantic ports is not new and despite all efforts, the network of contacts coupled with ingenious methods to adapt to circumstances and obviously a notorious degree of corruption, keeps information flowing.

  • Thursday, July 18th 2024 - 09:13 UTC

    Peña confirms Paraguay would relocate Embassy in Israel to Jerusalem

    “Paraguay has always been a great friend of Israel,” Peña recalled

    Paraguayan President Santiago Peña confirmed Wednesday in Buenos Aires that his country would be relocating its Embassy in Israel from Tel Aviv to Jerusalem. During his appearance at a World Jewish Congress event in the Argentine capital, Peña confirmed that Paraguay “will once again move its embassy to Jerusalem, capital of the State of Israel,” one of Paraguay's strategic allies. Following Peña's decision, Israel would be reopening its mission in Asunción. Paraguay has had its embassy moved to Jerusalem once but backtracked on its decision citing political inconveniences.