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Multi-dimensional Review of Paraguay

Volume I. Initial Assessment

image of Multi-dimensional Review of Paraguay

Paraguay has achieved strong and resilient growth and made progress across a range of development outcomes since it emerged from a prolonged period of economic and political instability in the early 2000s. In 2014, the country adopted its first National Development Plan, setting course towards an ambitious vision of the country’s future. To maintain the pace of economic growth and achieve more inclusive development Paraguay will need to overcome a number of institutional, economic and social constraints that challenge its development model. This first volume of the Multi-dimensional Review of Paraguay analyses the country’s development performance and presents the main constraints to the country’s development. It examines five broad areas, corresponding to the key areas of the Sustainable Development Goals: prosperity, people’s well-being, planet, peace and institutions, and partnerships and financing.

English Spanish

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Towards shared prosperity in Paraguay

OECD Development Centre

This chapter first analyses Paraguay’s macroeconomic performance, looking into the drivers of recent economic growth as well as recent developments in economic and trade diversification. Second, the inflation-targeting regime and the fiscal framework are discussed. Third, the chapter examines the levels of both capital and public investment, discussing some of the main challenges regarding budget management and execution, particularly for infrastructure investment projects and as investment contribution to growth. Finally, it looks into remaining challenges faced by Paraguay to further boost productivity and competition such as innovation, skills mismatch, infrastructure and the institutional framework.

English Spanish

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