Economist César Addario provided an in-depth analysis of Paraguay’s economic model, which he described as successful due to its stability and sustained reduction in poverty. He highlighted the country’s potential as a “hidden gem” on the global stage.

A Bloomberg report on August 30 showed that the country’s 2032 bonds reached their highest level since November 2021, trading at 74.5 cents on the dollar, while the 2035 notes rose 1.5 cents to 64.7 cents on the dollar.

César Addario Soljancic, EXOR Latam’s regional vice president for Central America and the Caribbean, warned that rising prices continue to pose a threat to the region’s recovery. The economic reopening and recovery following the 2020 lockdowns and quarantines set Central America on the path to recovery in 2021.

A recent World Bank report has confirmed what has been evident for decades: family remittances—the money sent back to their home countries by citizens who have migrated to other nations—continue to breathe new life into Latin American economies.

We are nearing the end of 2021, with all the challenges this year has brought. The pandemic is far from over, even with the progress made in the rollout of COVID-19 vaccines, and the concept of the “new normal” has taken hold across all sectors of the global economy.