Asuncion, IP Agency.- The Presidency of the Republic issued an official statement explaining the importance of Paraguay having achieved investment grade, confirmed this Friday by the risk rating agency Moody’s.
First, the statement notes that the fact that Paraguay is recognized as an investment grade country is a statement to the world that the economic path for more than two decades has been successful. “This positions our economy as a reliable and attractive option for doing business and generating employment,” it notes.
Another important aspect is the lower country risk. “Obtaining investment grade reduces country risk, which translates into greater financing facilities at more favorable interest rates. This benefits both the public and private sectors, allowing more economical access to the resources necessary for development,” the statement said.
The increase in investment attraction is also highlighted, since reaching investment grade is a signal that encourages local investment and attracts international investment, creating a more dynamic and competitive environment.
“The perception of stability and economic credibility is key to attracting foreign capital and generating new opportunities,” the statement said.
Positive Impact on Employment and Infrastructure
On the other hand, it is claimed that this recognition will have a positive impact on the creation of quality employment and investment in infrastructure.
“The diversification of the economy and the improvement of public finances are direct effects of a more stable and attractive economic environment,” he said.
It is also noted that increased foreign investment not only brings capital, but also knowledge and technology. Therefore, “this will open the doors to the exchange of knowledge and the improvement of technical and professional capabilities, strengthening our workforce and preparing it to face the challenges of the future.”
In short, obtaining investment grade is a crucial step for the sustainable development of Paraguay, consolidating our economy on the international scene and opening new opportunities for all sectors of society.
“The Government of Paraguay welcomes this great step that will undoubtedly lead us towards greater economic and social development for the benefit of all Paraguayans,” concludes the official statement from the Presidency of the Republic.
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2024-07-30 19:44:03
