Paraguay is looking for Investors
Having suffered from a liquidity crisis in 1995, Paraguay is going to great lengths to ensure it’s seen as an ample investment opportunity. A host of financial reforms as well as thriving economic circumstances are just a small part of the country’s attempt to demonstrate huge potential for growth and encourage businesses to invest in Paraguay.
Invest in Paraguay:
Paraguay’s banking and financial services industry has recovered well from the 1995 liquidity crisis, when news of pockets of corruption resulted in the closure of several banking institutions. Today, manifold reforms instituted by the International Monetary Fund (IMF) and World Bank have helped to restore a great deal of credibility to Paraguay’s banking industry. The aim is to draw interest from savvy business people keen to invest in Paraguay, and to market the nation as a key business destination.
Today, Paraguay’s Central Bank of Paraguay stands as an institution with the aim of stabilising the country’s financial sector, ensuring that similar situation to the 1995 crisis does not repeat itself. The Superintendencia de Bancos regulates the banking system, monitoring everything from liquidity to solvency and capital adequacy.
Paraguay’s economy is driven by its robust agriculture and cattle farming industries, together with large re-export activity of imported consumer goods to neighbouring countries. These activities are carried out by a large number of SMEs, making the industrial landscape of the country slightly fragmented.
Recent growth has been very strong. In 2010, Paraguay recorded economic growth of 15.3 percent – the highest in Latin America. One of the country’s key messages is that it is looking for new strategic partners to invest in Paraguay to help the nation achieve its full growth potential.
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.