The project will develop a model to create microfranchises through clients of Fundación Paraguaya with the final goal of improving their livehoods. The beneficiaries will be 600 low income women
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Showing posts with label Paraguay. Show all posts
Showing posts with label Paraguay. Show all posts
Tuesday, December 6, 2011
Thursday, December 1, 2011
Paraguay.Technical Inputs for the Implementation Longitudinal Social Protection Survey
This TC will support the implementation of the Longitudinal Social Protection Survey.
Paraguay.Promoting Sustainable and Replicable Development for IP in el Chaco
The project consists of three components: i) sustainable natural resource management, ii) institutional strengthening, and iii) rigorous evaluation and dissemination of project results.
Tuesday, November 29, 2011
Paraguay.Strengthening of Institutional Capacity and Social Security Systems
This operation will strengthen the institutional capacity of the government to develop a reform of the financing and the provision of social security benefits.
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Monday, November 28, 2011
Paraguay.Public Sector Development Policy Loan Program
The objective of the Public Sector Development Policy Loan Program for Paraguay is to contribute to the effectiveness and efficiency of the public sector. This is expected to be reached via the following specific objectives: (i) exerting effective state-owned enterprises (SOE) oversight; (ii) improving central administration's internal financial control; and (iii) strengthening the tax system.
This Development Policy Loan (DPL) supports the Government reform plans and builds upon the significant achievements in several areas of a previous programmatic DPL in 2009. The operation was conceived within the context of the FY09-13 Country Partnership Strategy (CPS) to support the implementation of the government reform plans. Building on the dialogue developed in partnership with the government, the Bank intends to contribute to the government plan's overall objective of achieving sustainable and more equitable growth by providing direct support to three of its pillars: (i) macroeconomic policy; (ii) SOEs; and (iii) state modernization.
This DPL focuses on three program components: (i) state oversight of state-owned enterprises; (ii) public sector financial control (central administration); and (iii) the tax system.
World Bank.Document Date: 2011/11/013.Document Type:Program Document.Report Number:52959.Volume No:1 of 1
Monday, November 21, 2011
Paraguay.Tupi Cement Proyect
The project entails the design, development, construction and operation of a cement plant, as well as production and commercialization of cement. The Project sponsors are: InterCement Brasil S.A. (35%), Votorantim Cimentos Ltda. (35%) and Concret Mix S.A. (30%). The Sponsors are already present in the Paraguayan market through Yguazú Cementos S.A., a cement import company that supplied Paraguay with 10% of its cement needs in 2010.
The Project involves an initial production of approximately 300,000 tons of clinker p.a. and approximately 400,000 tons of cement p.a. The Project includes quarrying infrastructure for extracting and crushing limestone at Itapucumi, north of Asunción on the Paraguay River, and a port enabling transportation of the raw materials by barge.
The clinker kiln, grinding mill, and bagging facility will be located in Villa Hayes, 40 km from Asunción on the Paraguay River.
Saturday, November 19, 2011
Latin America.Anchor SMEs promoting production development in the BOP
El objetivo de este proyecto es fomentar la competitividad de los pequeños productores de la base de la pirámide a través del fortalecimiento de las cadenas productivas de pequeñas y medianas empresas (PYME) anclas en los sectores agrícolas, agroindustrial, manufactura y turismo de Bolivia, Nicaragua, Guatemala, Honduras, República Dominicana, Perú, Paraguay, El Salvador y Colombia.
A través de este proyecto se espera generar un efecto de demostración positivo en el acceso al financiamiento a largo plazo, el cual potencia el rol del sector de las PYME en las economías regionales como motor de generación de empleo formal, ingreso y aumento en la productividad de pequeños productores que pertenecen a la base de la pirámide y que hacen parte de sus cadenas de suministro y de producción.
Friday, November 18, 2011
Statement by an IMF Mission to Paraguay
Press Release No. 11/419. November 16, 2011. An International Monetary Fund (IMF) mission visited Paraguay during November 9–15, 2011 for discussions with government officials and the private sector, as part of the IMF’s regular consultations with its member countries. At the end of the visit, mission chief Lisandro Ábrego issued the following statement today in Asunción:“In recent years, Paraguay has strengthened its institutional framework and implemented generally prudent fiscal and monetary policies.
These policies have led to positive growth and employment outcomes and helped reduce inflation. Going forward, it is important to keep improving policy formulation and implementation, and strengthening Paraguay’s institutions, as once this hard-won policy credibility is lost, it is not easily recovered.
“While growth has normalized after a sharp rebound in 2010, negative shocks have had an impact this year. After expanding by 15 percent in 2010, growth slowed to 4.5 percent in the first half of the year, reflecting mainly the return of agricultural growth to more normal levels, cement shortfalls, and problems with accessing key beef export markets. In the same vein, inflation also started to slow down, in line with less expansionary monetary conditions, and assisted by lower commodity prices and the appreciation of the guaraní. Staff now expects the economy to grow by 4.5 percent in 2011 and by a similar rate in 2012. Regarding prices, we now expect inflation to end 2011 at 5.5 percent, and rise to slightly above 6 percent by end-2012 as a strong fiscal stimulus takes effect and temporary factors that helped reduce inflation this year are reversed.
“Ongoing developments in fiscal policy are of particular concern. Efforts to expand revenues needed to address important deficiencies in infrastructure and social services have stalled. At the same time, plans to place the increase in Itaipú revenues in a special fund are being rejected in congress. Instead, an initiative to sharply increase public sector wages in 2012 (by more than 2 percentage points of Gross Domestic Product ) could be approved. This would give rise to a significant fiscal impulse next year and would also crowd out critical public sector investment.
The mission is also concerned about proposals to essentially eliminate the government's room for maneuver in the formulation of the Financing Plan. In 2011, the Ministry of Finance did an important effort to achieve a less expansionary fiscal policy and continue strengthening the public finances, and the central government is expected to record a small surplus. For 2012, however, the mission projects a significant deterioration in the public finances, with an important deficit (the first deficit since 2003) and a fiscal expansion of more than 2 percent of GDP. The mission considers that the fiscal policy stance should be neutral in 2012 to help contain inflation, which affects disproportionately more the poorest segments of the population, and improve the external sector accounts.
“The Central Bank of Paraguay (BCP) has responded appropriately to contain the surge in inflation. Since the turn in the cycle, reserve requirements have been increased and the policy rate has been raised by 800 basis points as of August—turning it positive in real terms. This has helped reduce domestic demand growth and inflationary pressures. However, the recent softening in inflation owes also to a significant degree to exogenous temporary factors (e.g., lower meat prices) and other factors that are in the process of being reversed (appreciation of the guaraní). Meanwhile, the growth of credit (particularly in dollars) and domestic demand remains high, although it has been moderating. With fiscal policy set to provide a strong positive impulse in 2012, and in the context of the current uncertain global environment, it would be appropriate to set monetary policy in a “wait and see” mode, as it would allow for clearer signals on the future direction of inflation to emerge.
“The authorities should move quickly to fill existing vacancies on the BCP Board of Directors and recapitalize the central bank. With the two open positions and the term of one current director expiring in April 2012, core operations of the central bank may soon be compromised. The recapitalization of the central bank is also a key ingredient to further enhance its independence and ability to implement monetary policy effectively. Both measures are critical to facilitate the central bank’s move to an inflation targeting regime.
“Overall, the banking system continues to remain sound and profitable. We welcome the authorities strengthening of financial system buffers, including through higher loan provisions and higher capital requirements. There is, however, scope to continue strengthening the financial sector, including through measures targeting currency mismatches by unhedged borrowers and the high growth of consumer credit. In the cooperative sector, the mission also welcomes progress regarding plans for strengthening regulation and supervision, the creation of a financial safety net for the sector, and the development of risk based indicators. Swift implementation of these initiatives will benefit the sector and reinforce the strength of the overall financial system.
“Finally, the IMF mission would like to thank the authorities and private sector representatives of Paraguay for a very open and stimulating dialogue and for their cooperation and warm hospitality.”
Tuesday, November 15, 2011
Paraguay. Development of the Statistical National System through Census 2012
This OI tries to support the informative area of the Population Housing Census, to be carried out August 2012, for which two specific purposes intend to: (i) elevate the level of capacity in using the equipment which will be acquired in order to capture and process the Census data; as well as (ii) provide the DGEEC with the services and computer equipment in order to obtain the necessary knowledge transfer for the CNPV 2012. IDB.
Sunday, November 13, 2011
Paraguay:Rural financial services via village banking
The objective of the project is to expand and diversify the supply of sound microfinance services in rural areas, by improving the capacity of financial intermediaries to reach underserved clients. The purpose of the project is to implement the methodology of village banking in Financiera El Comercio's operations, so that it can expand its credit and savings services to low income populations in rural areas of Paraguay. The project will consist of a Technical Cooperation.
Inter American Develepment Bank.
Project Status: APP. Country: Paraguay. Project Number: PR-M1022. Approval date: Oct 28, 2011
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