Paraguay’s Carvallo Spalding on resilience and cutting its inflation target
The Central Bank of Paraguay (BCP) governor speaks about lowering the inflation target to 3.5%, opening up to foreign investors and promoting inclusion through digital payments
How do you see the Paraguayan economy performing this year, and what impact will the 10% tariff on Paraguayan exports to the US and changes in Argentine economy have, among other challenges?
The Paraguayan economy is on a solid growth path. In 2024, GDP grew by 4.2%, exceeding our own projection of 4%. For 2025, we are projecting 4% growth – an upward revision from the previous estimate of 3.8%. This growth is being driven primarily by the services sector – particularly trade, financial
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