The Central Bank of Paraguay published a readout of a discussion held during World Bank Group President Ajay Banga’s visit in which speakers presented Paraguay as having solid macroeconomic foundations and scope to raise its international profile through stronger private investment and job creation. Banga described Paraguay as offering the policy clarity, economic and regulatory stability, and long-term investment security sought by the private sector, while also pointing to stronger regulation and infrastructure as key needs to support the country’s economic transition. The account also cited Economy and Finance Minister Carlos Fernández and Central Bank President Carlos Carvallo. Fernández reviewed Paraguay’s economic progress over recent decades and the World Bank’s support through project financing and technical assistance in strategic areas. Carvallo said the country’s transformation rests on macroeconomic stability backed by fiscal and monetary responsibility, stronger institutions and sustainable development, and that further productivity-focused reforms are needed to raise potential growth and expand quality employment. The event drew more than 500 participants and formed part of the first visit by a sitting World Bank Group president to Paraguay in 50 years.
Central Bank of Paraguay2025-04-01
Central Bank of Paraguay highlights World Bank view of Paraguay’s macro strength and need for regulatory and infrastructure reforms
The Central Bank of Paraguay published a readout of a discussion with World Bank Group President Ajay Banga that portrayed Paraguay as having strong macroeconomic fundamentals and potential to attract more private investment. Speakers said that sustaining that trajectory will require stronger regulation, better infrastructure and further productivity-focused reforms to support growth and quality job creation.