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MercoPress, en Español

Montevideo, April 15th 2025 - 06:32 UTC

Paraguay

  • Saturday, November 2nd 2024 - 10:26 UTC

    Paraguay wants to strengthen ties with UK

    Ramírez and Matthews met on the sidelines of a convention in Montreal to address the Ukrainian War crisis

    Paraguay's Foreign Minister Rubén Ramírez Lezcano had a busy week in Montreal, Canada, where he participated in the Ministerial Conference on the Human Dimension of the Ukraine Peace Formula and met with British Foreign Office Director General for Latin America Harriet Matthews on the event's sidelines, among other engagements.

  • Thursday, October 31st 2024 - 10:19 UTC

    BCP intervention keeps guaraní afloat against US dollar

    But Paraguay's economy faces other challenges such as the neverending downspout pushing freight costs upwards

    After an intervention by the Central Bank of Paraguay (BCP) deemed as “timely” in Asunción's financial circles last week, the local currency appreciated against the US dollar and fell further away from the psychological ₲ 8,000 barrier. The BCP pledged to further inject at least US$ 15 million daily into the market, to stabilize the local currency. The dollar went up 9% against the guarani in 2024, largely driven by demand for the dollar in the international market and by local exchange needs.

  • Monday, October 28th 2024 - 07:45 UTC

    Argentine mayor says hitmen chased him while in Paraguay

    Basualdo insisted he was not aligned with Insfrán's faction within Formosa's Peronist Party

    Atilio Basualdo, the Mayor of the Argentine city of Las Lomitas in the province of Formosa said Sunday that hitmen had tried to kill him while visiting neighboring Asunción in Paraguay on Saturday afternoon. He also hinted Formosa's Peronist Governor Gildo Insfran could have been involved.

  • Saturday, October 26th 2024 - 10:59 UTC

    Paraguay's Central Bank to take action keeping US dollar from further soaring

    Argentine and Bolivian nationals purchasing large sums were one of the causes for the surge, it was argued

    Paraguay's Central Bank (BCP) announced Friday that it would adopt additional measures to keep the US dollar from soaring further against the local guaraní after crossing the US$1 / ₲ 8,000 barrier on Thursday. Starting next week, the BCP will pour US$15 million daily into the exchange market to keep the quotation at bay.

  • Tuesday, October 22nd 2024 - 20:49 UTC

    IMF foresees prosperous 2024 for Paraguay

    Argentina is at the bottom of the IMF's list, with GDP expected to contract by 3.5%

    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%).

  • Tuesday, October 22nd 2024 - 11:16 UTC

    Yacyretá dam crossing between Argentina and Paraguay to fully reopen next month

    Ituzaingó-Ayolas remains the only crossing between Argentina and Paraguay not fullyh reopened after the Covid-19 pandemic

    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.

  • Thursday, October 17th 2024 - 11:36 UTC

    Paraguay's Central Bank ups growth projections for 2024

    “No significant imbalances are observed that could divert inflation from the expected trajectory,” the BCP stated

    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.

  • Wednesday, October 16th 2024 - 21:07 UTC

    Paraguay's gov't ups bounty for heads of EPP guerrilla leaders

    “The calls are confidential,” Riera underlined

    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.

  • Tuesday, October 15th 2024 - 09:11 UTC

    EPP guerrilla suspects no longer refugees in Argentina

    Villalba is currently in jail for a kidnapping perpetrated by the EPP

    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.

  • Monday, October 14th 2024 - 09:45 UTC

    Paraguay River hits all-time lows in Brazil

    Every river in the Paraguay Basin stood below average levels for this time of year, except the Cuiabá River thanks to flows being regulated by the Manso Hydroelectric Plant

    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.