Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 13th 2025 - 20:03 UTC

Paraguay

  • Wednesday, November 6th 2024 - 21:25 UTC

    World leaders congratulate Trump on his win - still not Harris

    Trump declared victory early Wednesday and announced that America's golden age lay ahead

    While leaders from the world over have congratulated Republican candidate Donald J. Trump on his electoral win on Tuesday which has earned him a second 4-year term at The Oval Office, Vice President Kamala Harris is yet to acknowledge defeat, as is customary in these cases. Perhaps Trump himself was the only one to break that tradition four years ago when rumors of vote count-rigging still gave him hope against Joseph Biden.

  • Monday, November 4th 2024 - 09:07 UTC

    Paraguay recalls yellow fever vax mandates are still in force

    The vaccines need to be applied 10 days in advance

    Paraguay's National Secretariat of Tourism (Senatur) recalled Sunday that the measure requiring a certificate attesting to the traveler's vaccination against yellow fever was still in force in cases of high-risk destinations.

  • Saturday, November 2nd 2024 - 10:26 UTC

    Paraguay wants to strengthen ties with UK

    Ramírez and Matthews met on the sidelines of a convention in Montreal to address the Ukrainian War crisis

    Paraguay's Foreign Minister Rubén Ramírez Lezcano had a busy week in Montreal, Canada, where he participated in the Ministerial Conference on the Human Dimension of the Ukraine Peace Formula and met with British Foreign Office Director General for Latin America Harriet Matthews on the event's sidelines, among other engagements.

  • Thursday, October 31st 2024 - 10:19 UTC

    BCP intervention keeps guaraní afloat against US dollar

    But Paraguay's economy faces other challenges such as the neverending downspout pushing freight costs upwards

    After an intervention by the Central Bank of Paraguay (BCP) deemed as “timely” in Asunción's financial circles last week, the local currency appreciated against the US dollar and fell further away from the psychological ₲ 8,000 barrier. The BCP pledged to further inject at least US$ 15 million daily into the market, to stabilize the local currency. The dollar went up 9% against the guarani in 2024, largely driven by demand for the dollar in the international market and by local exchange needs.

  • Monday, October 28th 2024 - 07:45 UTC

    Argentine mayor says hitmen chased him while in Paraguay

    Basualdo insisted he was not aligned with Insfrán's faction within Formosa's Peronist Party

    Atilio Basualdo, the Mayor of the Argentine city of Las Lomitas in the province of Formosa said Sunday that hitmen had tried to kill him while visiting neighboring Asunción in Paraguay on Saturday afternoon. He also hinted Formosa's Peronist Governor Gildo Insfran could have been involved.

  • Saturday, October 26th 2024 - 10:59 UTC

    Paraguay's Central Bank to take action keeping US dollar from further soaring

    Argentine and Bolivian nationals purchasing large sums were one of the causes for the surge, it was argued

    Paraguay's Central Bank (BCP) announced Friday that it would adopt additional measures to keep the US dollar from soaring further against the local guaraní after crossing the US$1 / ₲ 8,000 barrier on Thursday. Starting next week, the BCP will pour US$15 million daily into the exchange market to keep the quotation at bay.

  • Tuesday, October 22nd 2024 - 20:49 UTC

    IMF foresees prosperous 2024 for Paraguay

    Argentina is at the bottom of the IMF's list, with GDP expected to contract by 3.5%

    According to the International Monetary Fund's (IMF) “World Economic Outlook” report released Tuesday in Washington DC, Paraguay is the country in the region that will grow the most this year with a projected Gross Domestic Product (GDP) of 3.8%, way above South America's 1.8% average. Following Paraguay is Uruguay's 3.2% GDP, with Brazil, Peru, and Venezuela tied at 3%. Argentina ranks at the bottom of the list (-3.5%).

  • Tuesday, October 22nd 2024 - 11:16 UTC

    Yacyretá dam crossing between Argentina and Paraguay to fully reopen next month

    Ituzaingó-Ayolas remains the only crossing between Argentina and Paraguay not fullyh reopened after the Covid-19 pandemic

    Argentine and Paraguayan authorities are planning to fully reopen for all type of vehicles the border crossing between Ituzaingó (Corrientes) and Ayolas on the Yacyretá dam, which is expected to boost the local economy, it was announced this week.

  • Thursday, October 17th 2024 - 11:36 UTC

    Paraguay's Central Bank ups growth projections for 2024

    “No significant imbalances are observed that could divert inflation from the expected trajectory,” the BCP stated

    Paraguay's Central Bank (BCP) has this week upped the South American country's economic growth projection for this year from 3.8% to 4%. On the supply side, the main upward revisions were in the livestock, trade, and tax sectors, while downward adjustments were recorded in electricity and water amid higher domestic demand in line with the good dynamics imports have been registering.

  • Wednesday, October 16th 2024 - 21:07 UTC

    Paraguay's gov't ups bounty for heads of EPP guerrilla leaders

    “The calls are confidential,” Riera underlined

    Paraguayan authorities have launched a ₲ 7 billion (around US$ 894,366) reward for anyone supplying “accurate, certain, and responsible” information on members of the Paraguayan People's Army (EPP) guerrilla as the government of President Sebastián Peña intends to solve the case of three people kidnapped by the Marxist organization, including former Vice President Óscar Denis, it was announced this week in Asunción.