Americas Quarterly highlights economic improvements in Paraguay

The renowned magazine Americas Quarterly has taken note of recent economic advancements in Paraguay, highlighting the country’s upgrade to investment-grade sovereign credit rating by Moody’s.

This achievement, according to Moody’s, reflects the institutional reforms, stable fiscal policy, and infrastructure investments that have characterized successive Paraguayan administrations, including the current presidency of Santiago Peña.

Americas Quarterly emphasizes the significance of the appointments made by Peña in the Ministry of Economy and Finance (MEF) as well as in the Central Bank of Paraguay (BCP), where he has placed experienced figures. These appointments have been crucial in strengthening the stability and credibility of the country’s economic policy.

Additionally, the magazine mentions that Moody’s praised the merger of the tax and customs agencies, which was promoted by Peña’s government. This measure, which has resulted in a 24% increase in tax revenue during the first half of 2024, is seen as an important step toward fiscal management efficiency and a fundamental pillar in the country’s sustained economic growth.

With this coverage, Americas Quarterly brings international attention to Paraguay’s economic progress, recognizing Santiago Peña’s administration and its positive impact on the national economy.

Source: Agencia de Información Paraguaya 

Click here to access the news report: https://www.ip.gov.py/ip/2024/08/14/paraguay-grows-strong-under-santiago-penas-presidency-highlights-americas-quarterly/

Sharing is caring!