The international rating agency Moody's on Tuesday reaffirmed Paraguay's sovereign rating at Baa3, maintaining a stable outlook. This rating, considered an investment grade, is the result of the South American country's strong economic performance, fiscal discipline, and institutional stability. The Baa3 rating entails lower financing costs, with better borrowing conditions in terms of interest rates and maturities.
Brazil is donating 20 EE-11 Urutu armored vehicles to the Paraguayan Army to help modernize its military and strengthen regional defense cooperation. The donation will increase Paraguay's fleet of Urutu vehicles from 12 to 32.
In a controversial move, Paraguayan President Santiago Peña appointed Bella Rosa Flores Benítez as the new Deputy Minister of Family Farming. The new official faces fraud, falsifying public documents, and criminal association charges from Prosecutor José Godoy after she was accused of selling a 165-hectare property in 2021 that was not hers.
Uruguay is in talks with Asunción to improve the flow of Paraguayan barge fleet – the world's third-largest – through the port of Montevideo. In addition, extra berths have been requested at the port of Nueva Palmira.
Executives from a popular Paraguayan mini-market chain that was suspended by consumer protection and health authorities earlier this week owned up to their shortcomings on Wednesday, thus downplaying allegations that the joint measure from the Consumer Protection Secretariat (Sedeco) and the National Health Surveillance Directorate (Dinavisa) had been politically motivated.
A US State Department report for 2024 has found that the human rights situation did not improve significantly in Paraguay, and cited serious issues related to freedom of expression, press harassment, and restrictions on civil society.
Paraguayan authorities shut down branches of the mini-market chain Biggie Express on a temporary basis in a measure believed to be politically motivated. We are here doing what President Santiago Peña asks us to do..., said Sara Irún, head of the Secretariat for Consumer and User Protection (Sedeco). The National Health Surveillance Directorate (Dinavisa) was also involved.
Paraguay's Lower House on Monday approved the Free Trade Agreement between the South American Common Market (Mercosur) and Singapore signed in December 2023 in Rio de Janeiro. The deal had already been approved by the Senate. The understanding seeks to increase accessibility and transparency for businesses engaging in electronic transactions and public procurement.
Paraguay's Ministry of Public Health and Social Welfare has issued an epidemiological alert due to a measles outbreak in the northern department of San Pedro. The measure was adopted after an initial case was confirmed in a five-year-old boy, which has since led to three additional cases. All four confirmed patients were unvaccinated. The first victim was apparently in contact with people from abroad.
Paraguay's National Civil Aviation Authority (Dinac) has authorized the Teniente Amín Ayub International Airport in Encarnación to operate 24 hours a day as an international terminal, making it the third in the country with this capability, alongside Asunción's Silvio Pettirossi and Ciudad del Este's Guaraní.