Americas Quarterly highlights economic improvements in Paraguay under the Santiago Peña administration

Asuncion, IP Agency.- The renowned magazine Americas Quarterly has echoed the recent economic developments in Paraguay, highlighting the improvement in the country’s sovereign credit rating to investment grade by Moody’s.

According to Moody’s, this achievement is a reflection of the institutional reforms, stable fiscal policy and infrastructure investments that have characterized successive Paraguayan administrations, including the current presidency of Santiago Peña.

Americas Quarterly highlights the importance of the appointments made by Peña Nieto at the Ministry of Economy and Finance (MEF) and at the Central Bank of Paraguay (BCP), where he has placed experienced figures. These appointments have been key to reinforcing the stability and credibility of the country’s economic policy.

The magazine also mentions that Moody’s praised the merger of the tax and customs agencies promoted by the Peña administration. This measure, which has resulted in a 24% increase in tax revenues during the first half of 2024, is seen as an important step towards efficiency in fiscal management and a fundamental pillar in the country’s sustained economic growth.

With this coverage, Americas Quarterly puts Paraguay’s economic progress in the international spotlight, recognizing Santiago Peña’s administration and its positive impact on the national economy.