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Montevideo, March 28th 2024 - 14:37 UTC

Paraguay

  • 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.

  • Thursday, November 23rd 2023 - 09:42 UTC

    Paraguayan Agriculture Minister has doubts about climate change

    “I have my doubts that climate change is real,” Giménez said in a radio interview

    Paraguay's Agriculture Minister Carlos Giménez said Wednesday that he was seriously doubting there was such a thing as climate change. “There have always been droughts and floods in Paraguay,” he pointed out in a broadcast interview in Asunción.

  • Tuesday, November 21st 2023 - 10:10 UTC

    Paraguayan President holds phone conversation with Milei

    Peña, Milei, Mondino, and Ramírez Lezcano are all economists, which heralds a good understanding between the two countries

    Paraguayan President Santiago Peña and Argentina's President-elect Javier Milei held a telephone conversation Monday during which they discussed bilateral issues. The Libertarian economist extended an invitation to Peña to attend his inauguration on Dec. 10 in Buenos Aires, which was accepted.

  • Thursday, November 16th 2023 - 10:09 UTC

    Paraguay and Venezuela resume diplomatic ties

    Peña and Maduro will be appointing ambassadors in the coming days

    Paraguay and Venezuela agreed on Wednesday to resume diplomatic ties cut under former Paraguayan President Mario Abdo Benítez in January 2019. At that time, the then-president of Venezuela's National Assembly, Juan Guaidó, proclaimed himself president of a government that ended up in exile despite the backing of the international community and eventually vanished like a soap bubble.

  • Wednesday, November 15th 2023 - 09:38 UTC

    Paraguay's agriculture exports keep growing

    Argentina accounted for almost 89% of Paraguay's soybean exports

    Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.

  • Monday, November 13th 2023 - 10:55 UTC

    Private researchers underscore Paraguay's economic progress

    Paraguay's poverty went down from 45.1% in 2001 to 24.7% in 2022

    Private economic studies published recently showed Paraguay was on an upward trajectory. According to Banco Itaú, the South American country's economic activity expanded in the second quarter of 2023 following the normalization of agricultural production after a severe drought last year. In this scenario, the Gross Domestic Product (GDP) growth projection for the end of the year remained at 5.6%, the research showed.

  • Friday, November 10th 2023 - 11:10 UTC

    Treaty creating police force of the Americas signed

    Ameripol will be essential to fight transnational organized crime and terrorism, Rodrígues said

    A new organization for police cooperation on the American continent was agreed upon Thursday with the Treaty for the Constitution of the Police Community of America (Ameripol) which will act in line with Interpol criteria, Agencia Brasil reported.

  • Friday, November 10th 2023 - 11:08 UTC

    Mercosur Cultural signs declaration against racism

    Menezes handed over the pro-tempore presidency of Mercosur Cultural to Paraguay

    The Culture Ministers of the Southern Common Market (Mercosur) Thursday signed a declaration in Belém condemning racism, thus reaffirming the bloc's commitment to promoting ethnic-racial equality and combating racism in the region, Agencia Brasil reported.