Firma manuscrita de César Addario, asesor en estructuración financiera y deuda soberana.

Analysis
In the Media

Análisis estratégico sobre institucionalidad, economía y desarrollo publicados en medios especializados.

A debt limit of 40% of GDP enshrined in the Constitution will protect the future

As of March 2026, Paraguay’s gross public debt stands at around 35.5% of GDP, according to data from the Ministry of Economy and Finance, while Chile ended 2025 at 41.7% and has already reached 42.6% in the first quarter of 2026. Chile operates under a dual fiscal rule—a structural balance plus a prudential debt anchor set at 45% of GDP—which has been internationally praised, although it faces growing pressures.

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The Opportunity for Free Enterprise in Panama

The renewed international debate over the Panama Canal has brought to light something deeper than a mere dispute over sovereignty. It has shown just how much Panama’s prosperity depends on institutional credibility and how urgent it is for the country to strengthen the foundations of its free-enterprise model before external pressures put it to an even greater test.

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