Economy & Business - March 2026

Over the years there has been no shortage of economic populism in Latin America, from both left-wing and right-wing presidents. But in Paraguay, President Santiago Peña is a technocrat who has been pushing ahead with a reform agenda that tackles some of the country’s most persistent structural development challenges. Just over halfway through his five-year term, Peña has a number of results to show for it. The country is among the fastest-growing economies in South America, inflation is below the central bank’s target, public finances are improving, and measures to heighten governance are being implemented.