The Organization of American States' General Assembly in session at Asunción, Paraguay, Thursday passed a strong condemnation of the attempted coup d'état in Bolivia the day before. The continental body dubbed Wednesday's events in La Paz a threat to the constitutional regime. It was also a flagrant insubordination to the orders publicly expressed by the constitutional president Luis Arce Catacora, the delegates concurred unanimously.
As all attendees were focused on the ongoing crisis unfolding in Bolivia, Paraguayan President Santiago Peña opened the Organization of American States (OAS) 54th General Assembly in Asunción by highlighting that democracy was the way to fight transnational crime, drug trafficking, and terrorism.
Next month, from Thursday, July 4th to 8th, the Mercosur pro tempore presidency will be handed by Paraguay to Uruguay, at the capital Asunción during the regional presidential summit. On the occasion, Paraguayan president Santiago Peña will be giving the Mercosur presidency to Uruguay's Luis Lacalle Pou. Still, it will be interesting to see how leaders of the two major members, Argentina's ultra-liberal Javier Milei and Brazil's populist Lula da Silva, who are not on talking terms, will approach circumstances if they effectively attend the summit.
Paraguayan authorities are fine-tuning the last arrangements for the upcoming 54th General Assembly of the Organization of American States (OAS) to be held in Asunción Between June 26 and 28. According to Paraguay's Foreign Ministry, some 1,200 people are expected to attend the continental event, which is to focus on the fight against transnational organized crime.
Paraguay's Congress will be asked to declare a hydrological emergency in the Paraná River to speed up dredging after members of the Paraná Joint Commission (Comip) discussed the hydro-climatological last week and agreed on the next actions, Merchant Marine Director Patricio Ortega explained in Asunción.
A US Air Force C5 Super Galaxy logistics aircraft landed at around 3.30 pm Friday at Asunción's Silvio Pettirossi International Airport carrying donations from the Massachusetts National Guard. The aircraft docked at the Paraguayan Air Force (FAP) First Air Brigade in the air terminal in the city of Luque, barely outside the South American country's capital.
The Monetary Policy Committee (MPC) of Paraguay's Central Bank (BCP) unanimously decided Thursday to keep the benchmark interest rate at 6% for the fourth month in a row and found that cuts might be in order during the second semester of 2024 given the favorable economic indexes recorded recently.
Paraguayan exports of soybeans are gaining steam, according to shipment data provided by Marine Link. Farmers are accelerating sales due to a stronger global market and higher prices for the oil seed.
Paraguay's latest achievements as a top Latin American destination for foreign investments have been highlighted by One World Media. The outlet praised the South American country's macroeconomic and political stability coupled with its natural resources, strategic position, and gender equality regulations.
Presidents Luis Arce Catacora of Bolivia and Santiago Peña Palacios of Paraguay announced the signing of Scientific and Migratory Cooperation Agreements Thursday at the Casa Grande del Pueblo in La Paz.