“Paraguay will be the next star country in Latin America”

Marcelo Giugale, professor of international economics at Georgetown University and former senior World Bank official, predicted that “Paraguay will be the next star country in Latin America.” Watch the video where the strengths of our country are highlighted. “Paraguay will be the next star country in Latin America,” said economist Marcelo Giugale, who highlighted Paraguay as the potential investment market for this year. It was during the “Oppenheimer presents” program on CNN. “When do investors…

Historical Export: Paraguay exports Stud sheep to Uruguay

The sheep sector closes the year with an unprecedented achievement for the country: the export of live stud sheep to the demanding Uruguayan market. The establishments involved in the shipment are Granja San Bernardino, Py’aguapyrenda Cabin and Genetic Centre, and La Mocha Cabin, which sent 27 specimens of the Santa Inés and Dorper breeds to the aforementioned destination. The animals were acquired by Federico Burgueño and Mauricio Nicoletti, leading sheep breeders in Uruguay. This is a historical and…

The United States made official the opening of the market for Paraguayan meat

After a long wait, the country obtained the authorization of the US market for Paraguayan meat. This achievement represents not only a milestone that will positively impact the country’s economy but also projects that the product is of quality and competitive in the international market. President Peña said, “the United States reopens the market to Paraguayan meat after 25 years.” At the same time as highlighting that it is an important fact for the country’s meat sector, it occurs after surpassing…

Economic stability draws the attention of more Chilean investors

Exploring new markets and strengthening the bilateral relationship are among the central points of the visit of the Paraguayan delegation to Chile. The Minister of Industry and Commerce, Javier Giménez, commented that the Paraguayan delegation in Chile, led by President of the Republic, Santiago Peña, Its objective is to strengthen the economic relationship between both countries, mainly around meat exports, and to explore new trade agreements and possible Chilean investments in Paraguay. The head of the…

Fitch maintained Paraguay’s credit rating and raised its investment grade rating.

Fitch Ratings issued the evaluation report in which it confirmed Paraguay’s BB+ rating and its stable outlook. Significantly, It also raised its investment grade. “Great news!. Fitch reaffirmed the sovereign rating and upgraded PGY’s country ceiling. This allows companies in Paraguay with outstanding performance to qualify for INVESTMENT GRADE. We continue working to improve the country’s economy,” highlighted the Minister of Economy, Carlos Fernández Valdovinos. The factors exposed…

World Bank places Paraguay with the highest growth in the region

In its latest Growth Outlook report for Latin America and the Caribbean (LAC), available since October 4, the World Bank (WB) maintained its estimate from the previous quarter for Paraguay, with a forecast that it will grow by 4. 8% by the end of 2023. The report has a cut-off date of September 22, and the score maintained compared to the previous information stands out, when the organization cut the growth projection for Paraguay from 5.2% to 4.8% for this year. While the expansion for 2024 showed a forecast…

“Investing in land in Paraguay is very profitable due to the production levels and the potential for further price increases”

Paraguay is and will continue to be very attractive for investment because it has many opportunities, growth potential and a favourable country framework. Those who buy land in Paraguay today will not only be profitable for what they produce, but also for land that still has significant potential for price increases, said Rodrigo Artagaveytia, director of Everdem. He also mentioned that the business of buying and selling land is having a rebound at the beginning of this year. What is the current state of the…

Paraguay will close this year as the ninth world exporter of meat, according to the USDA

In 2021, Paraguay will increase its shipments of beef by 109,000 tons in relation to the previous season, which will allow it to climb a position in the world ranking and become the ninth-largest exporter of the sector, sharing the place with Uruguay, according to the latest report Trade and Markets of the United States Department of Agriculture (USDA) The US agency expects Paraguayan exports of beef cattle to reach a volume of 480,000 tons in 2021, which will represent a growth of 30% compared to the 371,000…
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