For our economy to truly grow, we don't need to raise taxes. We need to remove artificial barriers and make the system fairer and more inclusive for everyone.

Paraguay boasts one of the most competitive tax systems in Latin America thanks to the “Triple 10”: 10% VAT, 10% income tax on individuals (IRE), and 10% corporate income tax (IRP). However, the current tax structure suffers from distortions that limit its potential, resulting in high levels of informality and a tax base fragmented by exemptions.

The investment-grade rating achieved by Paraguay is neither a trophy to display on a desk nor a point of arrival. In market terms, it is a paradigm shift that gives us approximately five years of tailwind.

What does this mean? Large companies are seeking to bring their production closer to their main markets. Paraguay, located in the heart of the Southern Cone and blessed with clean, abundant energy from our dams, has everything it needs to become the region’s major industrial and technological hub.

We celebrate having achieved investment-grade status, but what comes next? If we look at neighboring countries like Chile and Uruguay, we realize that international recognition only bears fruit if we build strong institutions and clear rules. That is the bridge we need to cross so that the economy’s strong numbers translate into better jobs, education, and real opportunities for all Paraguayan families.