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Why Paraguay is LATAM’s new rising Star for Investment

Foreign investments in Latin America are increasing rapidly. With interest and funds coming from Asia, Europe, and North America, the region and its respective economies are growing in power and size. In 2017 alone, investments in Latin America and the Caribbean reached US$161 billion. For a while, Chile was the main recipient of so much money and attention. However, there’s one country in particular that has been flying under the radar, but offers many opportunities for investors.  Paraguay is now…

Paraguay’s strong growth erases the shadows of its past

Foreign investors are attracted to low tax rates and competitive labour costs. Electricity is also cheap thanks to Itaipu’s huge hydroelectric dam. Foreigners visiting Paraguay at the beginning of the century XXI described the landlocked country as little more than a moor with few opportunities and marked by a history of war, dictatorship and corruption. If they came back now, they wouldn’t recognize it. During the past decade, there have emerged bright skyscrapers in Asunción, the Capital,…

Paraguay – Reasons to Invest and live there

Paraguay recent election results have confirmed the business-friendly environment will continue. Paraguay produces the highest per capita surplus of electricity worldwide from the Itaipu Dam giving it a stable income base that is even stronger than its agricultural exports. Construction Details The course of the seventh biggest river in the world was shifted, as were 50 million tons of earth and rock. The amount of concrete used to build the Itaipu Power Plant would be enough to build 210 football stadiums…

Sustained development of Paraguay

image of Desarrollo sostenido del Paraguay
The sustained development of Paraguay has been recognised by the International Monetary Fund, which has updated its growth forecast to 3.5% for 2016. In previous months, this figure had already been adjusted upward by other observers, such as BBVA Research. For its part, in anticipation of 2017, the IMF has set a projection of 3.6%. This projection assumes that inflation will be controlled at around 4.1% and that the unemployment rate will continue to decline, from 5.9% this year to 5.5% in 2017. It is important…

Paraguay attracts investments from Uruguay

image of Paraguay attracts investments from Uruguay
Luis Chase, Ambassador of Paraguay in Uruguay, has commented on the fact that in recent years Paraguay has attracted investments from Uruguay, that this is due to the “Policy of the three 10s”: 10% VAT, 10% tax on corporate income and 10% personal income tax. Ambassador Chase added: “In Paraguay there is a fair balance between capital and labour, and few labour disputes.” He also stated that this “facilitates investment, protects it, it cannot be impounded,” and that “Paraguay…

Paraguay will grow by 3.1% in 2016

chart of Paraguay will grow by 3.1% in 2016
BBVA Research has confirmed its estimate that Paraguay will grow by 3.1% in 2016. The Government of Paraguay also maintains the same expectation of 3.1% this year. If maintained, the trend will show Paraguay to be the third fastest growing economy in the region this year. Juan Ruiz, chief economist at BBVA Research for South America said: “In Paraguay, we maintain our growth forecasts unchanged for 2016 (3.1%) and slightly revise downwards for 2017 (2.9%), due to delays in the beginning of some emblematic…

Paraguay, Latin America’s growth champion

image of Paraguay attracts investments from Uruguay
Paraguay’s central bank is not ready to give any more juice to an economy that is turning into Latin America’s growth champion. The South American country, landlocked between Brazil, Argentina and Bolivia, is focused on keeping inflation at bay and won’t risk missing its 4.5 percent target to speed up growth as its neighbours weaken, central bank President Carlos Fernandez Valdovinos said October 12. The one percentage-point reduction to 5.75 percent in the key interest rate this year has…

Paraguay opens the welcome mat for business

Paraguay has a simple and serious message Backed by rising growth rates and successful capital market deals, Paraguay is telling the world it is very much open for business. After spending some time in Paraguay, business travellers (whose numbers have been increasing in recent months) may be struck by two thoughts. First, the country’s opportunity is considerable: it is blessed with rich farmland and a climate that aids agricultural productivity with an average of 310 days of sunshine per year; it has…
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