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MercoPress, en Español

Montevideo, April 13th 2025 - 17:27 UTC

Paraguay

  • Tuesday, December 31st 2024 - 10:30 UTC

    After hectic month, Paraguay's yearly inflation barely above 2023's

    The BCP aims to reach a 3.5% inflation by 2026

    Paraguay's Consumer Price Index (CPI) grew 0.7% this month, which represented a setback from 0.3% in the same month last year. Nevertheless, Asunción confirmed closing 2024 with a 3.8% inflation, barely over 2023's 3.7%, according to the Central Bank (BCP), and therefore within the target range of 4%, it was explained Monday. On a brighter note, core inflation stood at 0.3% in December for a yearly variation of 3.4%, which meant progress from the 3.6% registered in 2023.

  • Monday, December 30th 2024 - 22:37 UTC

    Paraguayan gang believed to be behind Misiones cop murder

    Miñarro was killed with three shots ti his head

    The town of Eldorado in the Argentine province of Misiones dawned Monday with a commando-style group -reportedly of Paraguayan origin- storming at around 7 am into the Gendarmería Nacional Regional Unit III inside the local aeroclub killing Misiones Police Corporal Mauricio Miñarro with three shots in the head. Two FAL rifles and two 12-70 shotguns were stolen in the raid.

  • Monday, December 30th 2024 - 10:43 UTC

    WaPo says Paraná Waterway riddled with drug trafficking

    Drug trafficking would go from airstrips in Bolivia to Paraguay and then on to the River Plate, the Washington Post explained

    The Paraguay-Paraná Waterway channeling myriads of tons of cargo every year is one of the leading passages of cocaine shipments bound for Hamburg and Antwerp, among other destinations, the Washington Post reported. It runs for more than 3,300 kilometers, connecting at least 150 ports in five countries. It is arguably the most important river trade route on the continent.

  • Friday, December 27th 2024 - 10:07 UTC

    IMF approves US$245 million disbursement for Paraguay

    The IMF found that economic activity in Paraguay “continues to be dynamic.”

    After concluding the fourth review of the Policy Coordination Instrument (PCI) with Paraguay as well as the second one on the Resilience and Sustainability Facility (SRS), the International Monetary Fund (IMF) approved a disbursement of US$186.28 million in Special Drawing Rights (SDRs) representing nearly US$ 245 million to help the South American country's green energy matrix expansion.

  • Friday, December 27th 2024 - 09:55 UTC

    Paraguay passes tougher law on child abuse

    “Violence against our children will not be tolerated under any circumstances,” Peña underlined

    Paraguayan President Santiago Peña signed into law Thursday a new bill providing for harsher jail penalties for sexual abusers of children and adolescents to protect the integrity of victims, it was explained.

  • Thursday, December 26th 2024 - 10:09 UTC

    Paraguay: Peña backs official who cut ties with DEA and backtracked

    “We are in communication with Trump's transition team,” Peña stressed

    Paraguayan President Santiago Peña insisted that Jalil Rachid should not resign as head of the National Anti-Drug Secretariat (Senad) despite sending a note to the United States Drug Enforcement Administration (DEA) stopping all cooperation and then recanting after finding out an agreement dating back to 2022 was in force.

  • Thursday, December 19th 2024 - 10:35 UTC

    Paraguay backtracks on DEA cooperation breakup

    Cibar Benítez admitted that the 2022 agreement had been overlooked

    The Paraguayan Government of President Santiago Peña reversed its decision to stop all cooperation with the United States Drug Enforcement Administration (DEA) on Wednesday, citing an agreement signed in 2022 during Mario Abdo Benítez's administration, of which nobody seemed to have been aware.

  • Wednesday, December 18th 2024 - 09:52 UTC

    Paraguayan President discusses energy and business with Chubut Governor

    Torres and Peña met at the latter's Presidential residence in Asunción

    Paraguay's President Santiago Peña met Tuesday with Ignacio Torres, Governor of the Argentine Patagonian Province of Chubut, at the Mburuvicha Roga Residence in Asunción to discuss bilateral issues. The Argentine official also held encounters with local businessmen.

  • Monday, December 16th 2024 - 07:29 UTC

    Paraguay soybean production reaches 11 million tons in 2023/24

    The total crop works out at an average yield of 3.000 kilos per hectare, according to the Paraguayan Chamber of Grain and Oilseed Exporters and Traders, Capeco.

    The 3.65 million hectares of soybeans planted in Paraguay, produced 11 million tons of the oil bean during the 2023/24 harvest season generating some US$ 4 billion for the landlocked country economy, which is among the top producers and exporters in the world.

  • Friday, December 13th 2024 - 22:36 UTC

    Hamas wants Paraguayan Embassy out of Jerusalem

    Peña underlined that Israel was Paraguay's “sister nation”

    The terrorist organization Hamas Friday demanded Paraguay once again relocate the Embassy in Jerusalem to Tel Aviv after Thursday's reopening. “We call on the Paraguayan government to reverse this decision, and to side with the values of humanity, justice, and legality, and support our oppressed people,” the Islamist group said. Hamas also considers the embassy move a “violation” of the right of Palestinians to their land and a violation of UN resolutions recognizing East Jerusalem as Israeli-occupied Palestinian territory.