The Central Bank of Paraguay said J.P. Morgan has decided to include bonds issued by the Government of Paraguay in its GBI-EM emerging markets index. From the first half of 2026, Paraguay is expected to join the group of countries tracked by global investors through that index, with an estimated initial weight of 0.04%. The central bank said two guarani-denominated government bonds already meet the index requirements, totaling about USD 1 billion. It added that Paraguay’s continued inclusion, and any increase in its weighting, will depend on J.P. Morgan’s criteria as index provider, including the regularity of issuance and the size and maturity of the bonds. The update also pointed to broader international investor access to guarani bonds, which could support demand, pricing and sovereign funding conditions.
Central Bank of Paraguay2025-09-18
Central Bank of Paraguay says J.P. Morgan will add Paraguay government bonds to the GBI-EM index in the first half of 2026
The Central Bank of Paraguay said J.P. Morgan will include Paraguay government bonds in its GBI-EM index from the first half of 2026 with an estimated initial weight of 0.04%. Two guarani-denominated bonds totaling about USD 1 billion already meet the entry criteria. Continued inclusion will depend on factors including issuance regularity and bond size and maturity.