Paraguay chairs IMF and World Bank meetings for 1st time

Paraguay assumes unprecedented presidency at IMF and World Bank

Paraguay will reach a historic milestone by chairing, for the first time, the Annual Meetings of the International Monetary Fund (IMF) and the World Bank (WB). The event will take place in Bangkok, Thailand, between October 12 and 17. The information was originally released by the newspaper La Nación.

The management of the work as Chairman will be led by the president of the Central Bank of Paraguay (BCP), Carlos Carvallo. The appointment reinforces international recognition of the economic stability and fiscal indicators of the South American country in recent years.

Main highlights of the event

• First time in history that Paraguay assumes the presidency of the joint annual meetings.
• The event will be held in Bangkok, Thailand, from October 12 to 17.
• Carlos Carvallo, head of the Central Bank of Paraguay (BCP), will serve as Chairman.
• The management highlights macroeconomic solidity before multilateral organizations.

Impact for investors and businesspeople

For Brazilians who maintain businesses, invest, or plan to start a venture in Paraguay, the country's international projection in a global forum the size of the IMF and the World Bank corroborates local economic predictability. Maintaining a solid macroeconomy attracts the attention of foreign investors, strengthens the currency, and guarantees greater regulatory and exchange rate security for long-term planning in Paraguayan territory.

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