World Bank Report provides four key recommendations to Paraguay for boosting inclusive growth - .::Agencia IP::.

Asunción, Agencia IP.- The World Bank’s key recommendations to Paraguay to promote inclusive growth and reduce persistent poverty levels are investing in human capital, creating quality jobs, strengthening the fiscal system, and increasing climate resilience. The new World Bank report, «Paraguay: Strategies for Promoting Inclusive Growth and Reducing Poverty,» acknowledges the significant progress the country […]

Asunción, Agencia IP.- The World Bank’s key recommendations to Paraguay to promote inclusive growth and reduce persistent poverty levels are investing in human capital, creating quality jobs, strengthening the fiscal system, and increasing climate resilience.

The new World Bank report, acknowledges the significant progress the country has made in improving the well-being of its population.

The report states that poverty rates have significantly decreased, from 51.4% in 2003 to 24.7% in 2022, thanks to inclusive economic growth and effective social programs. However, it also notes that the pace of poverty reduction has slowed in recent years.

Additionally, major challenges remain in terms of inequality and vulnerability to external shocks, emphasizing the need for strategic actions to maintain and accelerate the progress achieved.