$2 Billion World Bank Investment in Paraguay Announced by President Ajay Banga – Historic Boost for Infrastructure - Get Residency Paraguay

In a landmark visit marking the first time in over 50 years that a sitting World Bank President has traveled to Paraguay, Ajay Banga was welcomed in Asunción by Paraguayan President Santiago Peña. The two leaders announced a transformative $2 billion investment plan focused on critical infrastructure development—an initiative poised to catalyze long-term economic growth and social progress across the country.

A Strategic Partnership for Sustainable Development

The visit underscores a deepening partnership between Paraguay and the World Bank Group, which has been supporting the country’s development since 1951. During high-level meetings, President Peña and Ajay Banga outlined a shared vision centered on building resilient infrastructure—roads, bridges, and energy systems—that will enhance connectivity, expand economic opportunity, and directly benefit thousands of Paraguayans.

“This is a historic moment for Paraguay. The world’s confidence in our country is reaffirmed through this unprecedented commitment to our people and our future,” President Peña stated following the announcement.

Focus on Job Creation and Inclusive Growth

World Bank President Banga emphasized that the investment is not solely about building physical infrastructure—it is equally about building human capital and fostering inclusive growth. A key pillar of the initiative is the creation of decent, sustainable jobs through public-private partnerships.

“The World Bank is committed to supporting Paraguay not just with financing, but with global expertise, innovation, and scalable solutions,” Banga noted. He also highlighted that support would extend beyond large-scale enterprises to include small and medium-sized businesses, as well as the agricultural sector, which remains a backbone of Paraguay’s economy.

Knowledge Transfer and Institutional Strengthening

In addition to financial support, the World Bank Group aims to assist Paraguay in adopting best practices in public policy, project implementation, and governance. Minister of Economy and Finance, Carlos Fernández Valdovinos, called the visit a “historic milestone,” reinforcing the strategic nature of this alliance.

“The World Bank doesn’t just provide resources—it provides knowledge, experience, and credibility that enhance the effectiveness of our national development strategy,” the Minister said.

A Pivotal Moment for Paraguay’s Global Positioning

This new commitment signals Paraguay’s rising status as a credible and attractive destination for global investment. With one of the lowest debt-to-GDP ratios in the region and a stable macroeconomic environment, Paraguay is uniquely positioned to leverage this financing into long-term prosperity.

As Ajay Banga’s visit comes to a close, it marks more than just a diplomatic achievement—it signals a shift in the trajectory of Paraguay’s development. With strategic international partnerships and a clear national vision, Paraguay is stepping into a new era of opportunity and global relevance.