Paraguay launched a national financial inclusion strategy for 2026-2031, which aims to promote responsible use of financial services and combat overindebtedness, following rapid growth in consumer credit in the country.
Carlos Fernández Valdovinos
Pytagua coverage mentioning Carlos Fernández Valdovinos.
President Santiago Peña completes three years in government in Paraguay with economic growth, attainment of investment-grade status, and an increase in foreign investment, but faces a growing fiscal deficit, rising public debt, and structural challenges in areas such as tax collection, pension reforms, and institutional fragility.
The Paraguayan government projects a fiscal deficit of 3.9% of GDP and new debt of $600 million for 2027, a plan criticized by experts and the president of Congress as fiscally irresponsible and unsustainable without spending cuts and reforms.
The Paraguayan capital market recorded a slight 0.8% drop in volume for the first half of 2026, but showed a recovery in June with a 9.7% increase driven by the secondary market.