Asunción, Agencia IP.- The Minister of Industry and Commerce (MIC), Javier Giménez, stated that the investment-grade rating by Moody’s allows Paraguay to stand out in the region, making it attractive for foreign and domestic investments.

«We are now prepared to receive and significantly increase employment as industries will grow,» he said during his conversation with the Government spokesperson, Paula Carro.

The minister pointed out that the MIC plays a cross-cutting role, working with various ministries to create a favorable environment for investments and the development of new industries.

He noted that the country’s challenge is harnessing its energy potential. He recalled that only one-third of the country’s energy capacity is used. The Government plans to accelerate investments so that «once we consolidate the infrastructure, we can have a competitive rate that allows Paraguay to industrialize 100% of its energy.»

«We have a policy of attracting investments, producing green hydrogen, data centers, and using energy to generate high-quality jobs,» he said.

He mentioned that President Santiago Peña is the leading promoter of actions to attract investments. «In his trips, his agenda is filled with economic goals, attracting investments, creating jobs, and developing the energy matrix, and the achievements are already happening.»

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