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Economy & Business - April 2011 (ISSN 1741-7430)

PARAGUAY: The problems of the boom

In 2010 Paraguay outperformed the rest of the region, growing its economy 15.3%, thanks to a record soya harvest and surging beef exports. Even though Paraguay still has no personal income tax in place, the state coffers should still be brim full of export receipts, with plenty of cash to improve efficiency. Heads have recently rolled in state agencies, amid growing pressure on the government to spread the fruits of the boom. The other big economic problem facing the economy is the appreciation of the Guaraní against the US dollar.

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