Paraguay: The Path Toward the Consolidation of Investment Grade and Institutional Credibility
Peer Reviewed
Date issued
March 2026
Subject
Governance;
Investment;
Regulation;
Institutional Strengthening;
Fiscal Policy;
Transparency and Anticorruption;
Tax Reform;
Finance;
Infrastructure Development;
Political Reform;
Taxation;
Trust;
Rating;
Monetary Policy;
Pension Systems;
Modernization of the State;
Financial System;
Infrastructure Investment
JEL code
D53 - Financial Markets;
E02 - Institutions and the Macroeconomy;
E59 - Monetary Policy, Central Banking, and the Supply of Money and Credit: Other;
E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy • Stabilization • Treasury Policy;
G18 - Government Policy and Regulation;
H20 - Taxation, Subsidies, and Revenue: General;
H54 - Infrastructures • Other Public Investment and Capital Stock;
H55 - Social Security and Public Pensions;
I30 - Welfare, Well-Being, and Poverty: General;
O11 - Macroeconomic Analyses of Economic Development;
O43 - Institutions and Growth;
O54 - Latin America • Caribbean;
P41 - Planning, Coordination, and Reform;
P43 - Public Economics • Financial Economics
Country
Paraguay
Category
Monographs
The monograph examines Paraguay's process of institutional modernization, highlighting the fiscal, financial, and regulatory reforms that enabled the consolidation of macroeconomic stability and the attainment of investment-grade status. It analyzes the evolution of public sector management, the regulation of the financial system, private sector participation in infrastructure, and the creation of new pension governance mechanisms, as well as advances in transparency and accountability. These transformations strengthened the States capacity to sustain international credibility while contributing to the promotion of economic and social development.
Generative AI enabled