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MercoPress, en Español

Montevideo, August 12th 2026 - 01:35 UTC

Paraguay

  • Wednesday, December 13th 2023 - 10:41 UTC

    Paraguay's growth projected at 3.8% for 2024

    “Conditions have improved in 2023 and the outlook for 2024 is favorable,” Carvallo stressed

    Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.

  • Tuesday, December 12th 2023 - 10:34 UTC

    US Southern Command chief lands in Paraguay

    The first woman ever to lead the US Southern Command will engage in talks and celebrate 80 years of military cooperation between the two countries

    US Southern Command chief four-star General Laura Richardson landed in Asunción Monday evening to participate in the celebrations of 80 years of military cooperation and to strengthen the security ties between the United States and Paraguay.

  • Saturday, December 9th 2023 - 11:00 UTC

    Singapore signs free trade agreement with Mercosur at the Rio summit

    Minister for Foreign Affairs Dr Vivian Balakrishnan with Alberto Fernández, Santiago Peña, Lula da Silva, and Luis Lacalle Pou, at the signing ceremony for the Mercosur-Singapore FTA in Rio

    The city-state of Singapore and a leading business and financial hub in Asia finally signed a free trade agreement with Mercosur during the South American countries summit held in Rio do Janeiro. It is Mercosur's first deal with a Southeast Asian nation.

  • Saturday, December 2nd 2023 - 10:43 UTC

    UAE, Argentina, Brazil, Chile, and Paraguay agree to promote bioceanic corridor

    The road drafted to be some 2,200 kilometers long would be completed by 2025

    Argentina, Brazil, Chile, the United Arab Emirates (UAE), and Paraguay Friday agreed in Dubai on the sidelines of the United Nations Climate Summit (COP28) to “seek opportunities” for the highway due to link the port of Santos, in Brazil, with the Chilean ports of Arica and Iquique. Former Paraguayan President Mario Abdo Benítez has dubbed the initiative “the small Panama Canal.”

  • Friday, December 1st 2023 - 09:55 UTC

    Pedro Sánchez promises Paraguayan president to work for Mercosur deal finalizing

    Peña insisted that Mercosur has other arrangements in sight, such as Singapore and the United Arab Emirates

    Spanish Prime Minister Pedro Sánchez held a telephone conversation this week with Paraguayan President Santiago Peña during which he insisted on his country's commitment to finalizing the trade deal between the European Union and Mercosur while he held the rotating presidency of the northern alliance. The deal would unite 800 million people and represent a quarter of the world's Gross Domestic Product (GDP). If things go on as projected, Mercosur would obtain duty-free access for 93% of its exports to the EU, with a 10-year deadline to achieve this goal.

  • Thursday, November 30th 2023 - 10:44 UTC

    Paraguayan official signs cooperation deal with non-existing country

    Two men dressed in orange native costumes have been going around public offices for a few months in Paraguay

    A high-ranking official within Paraguay's Agriculture Ministry was sacked from his post-Wednesday after signing cooperation agreements with the non-existent country of Kailasa, it was reported in Asunción.

  • Wednesday, November 29th 2023 - 09:52 UTC

    Peña highlights role of Paraguayan expatriates in Italy

    The best Paraguay has to offer the world is its people, Peña told expatriates in Italy

    President Santiago Peña met on Tuesday with members of the Paraguayan community in Italy to discuss the situation of the South American expatriates. During the meeting, Peña stressed the importance of his country projecting an image of solid and transparent institutions that would lead to economic growth.

  • Saturday, November 25th 2023 - 10:46 UTC

    Paraguayan and Bolivian bananas return to Argentina

    Massa ordered the payment of bananas to be prioritized, Fanego explained

    Banana producers in Paraguay and Bolivia have agreed to resume shipments to Argentina after the outgoing administration of President Alberto Fernández authorized the use of foreign currency to pay for those imports.

  • Friday, November 24th 2023 - 10:55 UTC

    Milei plans to privatize Paraná-Paraguay Waterway

    The waterway used to be in private hands between 1995 and 2021

    Argentina's future government of President-elect Javier Milei intends to privatize the Paraná Paraguay Waterway and bidding documents have already been drafted, but collecting tolls would remain in place, it was reported Thursday in Buenos Aires. Future Infrastructure Minister Guillermo Ferraro is said to have been working on the issue for weeks.

  • Friday, November 24th 2023 - 09:59 UTC

    Central Bank of Paraguay lowers interest rates

    According to the BCP, inflationary pressures remain moderate

    The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.