Amid a nationwide doctors’ strike, Paraguay is debating higher taxes on tobacco and other levies to fund health care, while economists and business leaders argue for better public management, less waste and policy predictability to avoid harming investment.
Jorge Garicoche
Pytagua coverage mentioning Jorge Garicoche.
Asunción Mayor Luis Bello replaced a director convicted of corruption in less than a day after a union ultimatum threatening to halt garbage collection and political pressure.
Economist Jorge Garicoche states that Paraguay, which attracts low-scale foreign investments mainly in plastics and textiles, needs more stable rules in infrastructure and energy to capture larger and impactful projects, remaining a strategic destination for Brazilian entrepreneurs.
Workers are demanding a 20% increase in Paraguay's legal minimum wage, while business owners are pushing for a 2.4% adjustment based on the Consumer Price Index (CPI) from the Central Bank of Paraguay. The final decision rests with President Santiago Peña following the sixth meeting of the National Minimum Wage Council (Conasam) scheduled for this Wednesday.