LatinNews Regional Monitor: Brazil & Southern Cone - 10 October 2019

* The Paraguayan government has announced a US$290m bond issue in international markets to finance the expansion of two key highways: Route 2 and Route 7. The expansion will connect the district of San Bernardino (Cordillera department) in the southwest of Paraguay to Caaguazú department in the east, improving road links between Cordillera and the border with Brazil. During a press conference, Finance Minister Benigno López highlighted that the issue of the bond, which was finalised under the country’s public-private partnership system (APP) and is set at an interest rate of 5%, demonstrated “the international market’s confidence in the country’s public policy and government”. López also said that it was the second project of its kind, the first being the bi-oceanic railway.

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