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LatinNews Regional Monitor: Brazil & Southern Cone - 30 March 2020

In brief: Paraguay’s auto sector criticises economic mitigation measures

* The president of Paraguay’s auto part manufacturers’ association (AIAP), Martín Cuadro, has complained that the emergency economic measures adopted by the government led by President Mario Abdo Benítez to try to mitigate the impact of the coronavirus (Covid-19) pandemic on the domestic economy are only financial, and will not safeguard jobs in the medium term. The Abdo Benítez administration has so far announced measures including providing credit lines for small and medium-sized firms, suspending utility tariff charges, and deferring some taxes in a bid to soften the blow that the social confinement measures imposed to slow the spread of Covid-19 will have on domestic economic activity. But Cuadro complains that these measures do not ensure that there will be a rebound in consumption at the end of the emergency that will allow households and firms to repay any financial relief they receive. “Let’s be realistic, who is going to be able to buy a car once the quarantine is over?”, Cuadro asked rhetorically, calling for more measures focused on saving jobs in the sector.

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