
Presidents Santiago Peña of Paraguay and Javier Milei of Argentina met Wednesday in Buenos Aires to discuss bilateral interests, such as the Yacyretá Binational Entity (EBY), the border crossing between both countries, trade integration, and free trade agreements between Mercosur and other regions.

Paraguayan President Santiago Peña is making a snap trip to Buenos Aires on Wednesday to meet with his Argentine colleague Javier Milei, who has just returned from Italy. It will be their second encounter after Milei's Dec. 10 inauguration.

The Government of Paraguay made history Monday by issuing international bonds worth US$ 500 million for the first time in local currency, it was reported in Asunción. Paraguay makes history by issuing for the first time bonds in guaraníes in the international market. This means that from now on Paraguayan companies will be able to issue abroad, both in guaraníes and dollars, since they will have a reference interest rate to do so, President Santiago Peña said.

Paraguayan President Santiago Peña met Tuesday in Asunción with a British delegation to review possible sustainable investments in the South American country.

The Paraguayan Government of President Santiago Peña issued a statement Sunday condemning the Venezuelan Supreme Court (TSJ) decision to uphold the disenfranchisement of opposition leader María Corina Machado who has therefore been banned from running for the Miraflores Palace.

Talks between Presidents Luiz Inácio Lula da Silva of Brazil and Santiago Peña of Paraguay reached nowhere Monday in Brasilia as both leaders failed to reach an agreement over the Itaipú dam electricity fares. However, dialogue will continue.

Paraguayan President Santiago Peña confirmed in an international interview with CNN that he was inspired by his El Salvador colleague Nayib Bukele when launching Operation Veneratio this week, a move to dismantle virtual ownership by the notorious Rotela Clan drug gang of the Tacumbú Penitentiary in Asunción.

One law enforcement officer and 11 inmates were killed Monday during the so-called Operation Veneratio at Asunción's Tacumbú Prison through which the administration of President Santiago Peña put an end to unthinkable privileges granted to incarcerated drug lord Armando Javier Rotela and his gang, which virtually ran the place.

“There is no Mercosur where only some people do well,” said Paraguayan President Santiago Peña on taking up his new role within the bloc, which in his view is bound for “great achievements.” Peña underlined that, globally, Mercosur faced four challenges: access to water, food security, energy sufficiency, and resilience in logistics chains.

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.