
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%).

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.

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.

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.

Relatives of Paraguayan guerrilla leader Carmen Villalba sheltering in Argentina were stripped of their refugee status by the administration of President Javier Milei and could soon be extradited to stand trial, it was reported in Asunción. The news that we have confirmed is that their political asylum was withdrawn, they are not politicians, Interior Minister Enrique Riera confirmed.

The Brazilian Geological Survey (SGB) found that the Paraguay River was 62 centimeters below its reference level, the lowest level ever measured at the Ladario post, near the city of Corumbá (MS), on the border with Porto Quijarro (Bolivia), thus surpassing the 61 cms recorded in 1964, Agencia Brasil reported.

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.

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.

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.

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.