The Central Bank of Paraguay reported that its governor, Carlos Carvallo Spalding, chaired the plenary session of the International Monetary Fund (IMF) and World Bank Group annual meetings in Bangkok in October 2026. This was the first time Paraguay held the role in more than seven decades of participation in the two institutions. Carvallo met with IMF Managing Director Kristalina Georgieva, World Bank Group President Ajay Banga and senior IMF officials. Discussions covered the global economic outlook, challenges facing Latin America and the role of investment, productivity and innovation in supporting long-term growth. Paraguayan central bank officials highlighted the country's progress on macroeconomic stability and institutional strengthening, emphasizing policy credibility, monetary and financial stability, and continuity of reforms. Board member Liana Caballero also participated in meetings of the Center for Latin American Monetary Studies. Carvallo also received LatinFinance's Central Bank Governor of the Year Award 2026 and earned an A rating in Global Finance's 2026 assessment, which recognized him among its Best Central Bankers for a second consecutive year.
Central Bank of Paraguay governor chairs IMF and World Bank annual meetings plenary for the first time for Paraguay
Central Bank of Paraguay Governor Carlos Carvallo Spalding chaired the IMF and World Bank Group annual meetings plenary in Bangkok in October 2026, the first time Paraguay held the role in more than seven decades of participation. Meetings with international economic officials addressed the global outlook, Latin America's challenges and conditions for long-term growth. Carvallo also received LatinFinance's Central Bank Governor of the Year Award 2026 and an A rating from Global Finance.