Fernández Valdovinos, recognized by The Banker as "Finance Minister of the Year" in the Americas - .::Agencia IP::.

Asunción, Agencia IP.- The prestigious international magazine The Banker has awarded Carlos Fernández Valdovinos the title «Finance Minister of the Year» for the Americas. This recognition highlights his leadership and achievements at Paraguay’s Ministry of Economy and Finance (MEF). One of the most significant milestones during this period was Moody’s Ratings’ upgrade of Paraguay’s credit […]

Asunción, Agencia IP.- The prestigious international magazine The Banker has awarded Carlos Fernández Valdovinos the title «Finance Minister of the Year» for the Americas. This recognition highlights his leadership and achievements at Paraguay’s Ministry of Economy and Finance (MEF).

One of the most significant milestones during this period was Moody’s Ratings’ upgrade of Paraguay’s credit rating, which, in July 2024, elevated the country to the coveted Investment Grade level. This improvement reflects sustained economic growth and a solid track record of institutional reforms.

In its analysis, The Banker emphasized: «As Paraguay grows and strengthens its economic prospects and international standing, the positive impact of the finance ministry’s work deserves recognition».

Paraguay’s economic growth has been consistent over the past two decades. Between 2003 and 2023, the Gross Domestic Product (GDP) grew at an annual average of 3.6%, outperforming many other countries in the Americas, according to World Bank data. This performance has been instrumental in reducing poverty in the country.