Report by Paraguay

The economic context over the last five years has been more propitious for Paraguay than during the previous five year period. Developments not only within the country but also regionally and at the world level spurred the recovery of its economy at a much faster pace than initially foreseen. This was particularly true in 2010, when excellent performance in agricultural production went hand in hand with sound macroeconomic fundamentals, favourable external financing conditions and strong export earnings, particularly from soya beans and beef.