The Paraguayan President's Question That Unsettled Bill Gates
During a business event, Paraguayan President Santiago Peña highlighted Paraguay's economic growth and recent achievement of an investment grade, making it attractive to institutional investors. He emphasized the country's clean energy production and its emerging role as a hub for digital development and industrialization, particularly in sectors like auto parts and renewable energy.
Peña shared an anecdote about his encounter with Bill Gates, who was unaware of Paraguay's existence, reflecting a broader challenge of visibility for the nation. He expressed his commitment to reintegrating Paraguay into the global landscape and fostering regional integration through infrastructure improvements.
Additionally, Peña discussed recent tax reforms aimed at broadening the tax base and announced the first local currency bond issuance in New York, backed by significant investments in the cellulose industry. He underscored the importance of stability and institutional development for sustainable public policy.