Asunción, Agencia IP.- The World Bank will provide the Paraguayan private sector, including micro, small, and medium-sized enterprises (MSMEs), with approximately 2 billion dollars to strengthen the country’s existing infrastructure and generate quality jobs. This was announced by the President of the World Bank Group, Ajay Banga, after a meeting with Paraguay’s President, Santiago Peña, […]
Asunción, Agencia IP.- The World Bank will provide the Paraguayan private sector, including micro, small, and medium-sized enterprises (MSMEs), with approximately 2 billion dollars to strengthen the country’s existing infrastructure and generate quality jobs.
This was announced by the President of the World Bank Group, Ajay Banga, after a meeting with Paraguay’s President, Santiago Peña, at the Government Palace as part of his official visit to Paraguay.
At the conclusion of the meeting and during a press conference, the Minister of Economy and Finance, Carlos Fernández Valdovinos, stated that the World Bank has been a strategic partner of Paraguay since its founding. The first loan granted to the country in 1951 was aimed at the agricultural sector. This partnership later expanded to other priority areas, such as road infrastructure, health, and education.
«But the World Bank is not just an entity that provides financing to countries; it also possesses a wealth of knowledge, which is crucial for countries like ours,» said Fernández Valdovinos.
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