With investment grade, Paraguay prepares to increase employment significantly

Asuncion, IP Agency.- The Minister of Industry and Commerce (MIC), Javier Giménez, said that the investment grade rating by Moody’s allows Paraguay to differentiate itself in the region and makes it attractive for receiving foreign and domestic investment.

“So we are now prepared to receive and increase employment in a very significant way, because industries are going to grow,” he said during his conversation with government spokesperson Paula Carro.

The minister noted that the MIC plays a cross-cutting role by working with the various ministries to create an enabling environment for investment and the development of new industries.

The challenge for the country is to take advantage of its energy potential, he said. He recalled that only 1/3 of the country’s energy capacity is consumed and the Government plans to speed up investments so that “once we consolidate the infrastructure, we will have a competitive rate that will allow Paraguay to industrialize 100% of its energy.”

“We have a policy of attracting investments, producing green hydrogen, data centers and using energy to create high-quality jobs,” he said.

He said that President Santiago Peña is the main promoter of actions to attract investments. “In the trips he makes, his agenda is full of economic objectives, investment attraction, job creation and the development of the energy matrix and the achievements are already occurring.”