Today, the President of the Republic of Paraguay, Santiago Peña, announced that Paraguay received an investment grade rating from Moody's, an important step forward in economic stability. This recognition sets a milestone in our country's financial history and is a testament to its sustained economic progress and the implementation of responsible fiscal policies.
Moody's announcement of Paraguay's investment grade rating reflects confidence in the country's macroeconomic stability and its ability to maintain solid long-term growth. This achievement not only improves Paraguay's international perception, but also opens up new opportunities to attract foreign investment and access better financing conditions.
Several factors have contributed to this success. Firstly, the implementation of a series of structural reforms aimed at strengthening the country's economy. These reforms include measures to improve fiscal transparency, promote investment in infrastructure, and foster sustainable development through the issuance of green bonds.
In addition, Paraguay has shown robust economic growth in recent years, with a GDP growth forecast of 4.5% by 2023, according to the International Monetary Fund (IMF). The diversification of the economy, with an emphasis on harnessing renewable resources such as hydroelectric power, has also been crucial in achieving this new status (MercoPress) (MercoPress) (MercoPress) (LatinFinance).
The investment grade granted by Moody's has significant implications for the Paraguayan economy. This recognition facilitates access to international financial markets under more favorable conditions, allowing the country to obtain financing at lower interest rates. It also increases investor confidence, encouraging the entry of foreign capital and fostering the development of infrastructure and sustainability projects.
Moody's recognition of Paraguay's investment grade rating is a reflection of the joint effort of the authorities and the private sector to consolidate a solid and resilient economy.
This achievement not only benefits the economy in terms of access to financing and investment attraction, but also lays the foundation for long-term sustainable development, positioning Paraguay as an attractive destination for global investment.