Strategic analyses on institutional frameworks, the economy, and development published in specialized media.
The project to build a hydroelectric dam emerged in the 1970s in response to growing energy demand in the Southern Cone. The Yacyretá Treaty, signed in 1973 by Paraguayan President Alfredo Stroessner and Argentine President Juan Domingo Perón, established EBY as an autonomous entity to build and operate the dam.
Productivity and innovation are not the only factors that determine economic performance in Latin America. The price that governments and companies pay to borrow is just as important. That price—the cost of debt—has become one of the region’s most significant structural constraints.
Saying Goodbye to the Budget Deficit Once and for All
Yacyretá is once again at the center of the regional strategic debate. More than three decades after its partial commissioning, the binational dam on the Paraná River continues to operate with unfinished construction, pending decisions, and unresolved financial and political tensions between Paraguay and Argentina. Conceived as one of the most ambitious hydroelectric projects in Latin America, the plant today bears the consequences of a history marked by delays, technical disagreements, environmental disputes, and a complex web of debts.
The cost of capital—the rate of return that shareholders demand to compensate for the risk of investing in stocks—has become one of the most decisive factors in financial decision-making throughout Latin America
Architect of Latin American economic development.
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