In the latest risk assessment for the country, recently released by Fitch Ratings, Paraguay's rating was upgraded from “BB” to “BB+”, which represents an important step towards investment grade, starting with a “BBB” rating. These indicators measure a government's ability to service its debt and inform potential investors about the risk involved in investing in a country.

The report highlights the country's economic resilience in the face of the regional situation and the government's fiscal discipline, maintaining the lowest ratio of public debt to Gross Domestic Product (GDP) among all 'BB' countries, with a public debt/GDP ratio of 17%, when the average for other countries is 46%.

Among other positive aspects, it also mentions that Paraguay maintained an economic growth of 4.3% in the last five years, even experiencing the effects of a deep recession in Brazil in 2015-2016, the drop in commodity prices in 2014-2015 and the depreciation of the Argentine peso this year. The rating agency expects the Paraguayan economy to continue to grow favorably over the next two years at a rate of 3.9%.

He also emphasizes that the national economy has diversified with the introduction of new productive sectors from the maquila regime, producing auto parts, garments and others.

As for economic prospects, they remain in the “stable” category.

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