CAF and CEAPI explore mechanisms to strengthen the private sector

The Regional Manager for the South and CAF representative in Paraguay, Jorge Srur, attended a meeting with the President of the Republic, Santiago Peña; the President of the Business Council Alliance for Ibero-America (CEAPI), Nuria Villanova; and businessmen and businesswomen with investment interests. Ideas and initiatives were exchanged to promote investment, the internationalization of Paraguayan companies, and methods to strengthen public-private collaboration.

President Peña highlighted the stability, openness, sustainability, and reliability that Paraguay offers to foreign investors, and appreciated the role of CEAPI together with CAF in promoting these missions and meetings that allow direct knowledge on the ground of the country, its public and private actors, and its business potential. In addition to Srur and Villanova, participants included the Minister of Economy and Finance, Carlos Fernández Valdovinos; the Minister of Public Works, Claudia Centurión; the Minister of Industry and Commerce, Javier Giménez; the Chief of Staff, Lea Giménez; and the Legal Advisor to the Presidency, Roberto Moreno.

Later, at the CAF Integration House, a meeting was held to deepen the analysis of investment opportunities in Paraguay, exploring mechanisms to enhance the role of the private sector. The meeting was attended by the Paraguayan Foreign Minister, Rubén Ramírez, and the Deputy Minister of the Network of Investments and Exports of Paraguay (REDIEX), Rodrigo Maluff.

“At CAF, we firmly believe in Paraguay, and when we invite you to invest in the country through this alliance with CEAPI, we do so based on our own commitment: we have multiplied our support to the country by five in the last five years and are now betting on greater support to the private sector and participation in sustainable investments,” stated Jorge Srur, after the event.

The Regional Manager for the South also highlighted the development bank's commitment to introducing innovative mechanisms for private financing of public infrastructure through the establishment of the subsidiary CAF Asset Management.

Participants in the meetings agreed on the enormous potential of Paraguay for economic and social development. The country has a stable economy, a young population, and a strategic location in the heart of Latin America.

"Paraguay is making a significant qualitative and quantitative leap for its sustainable development," which is why we want to boost the private sector so that this process can be even faster and more fruitful," added Jorge Srur.

Resilient infrastructure, improved road and digital connectivity, and electromobility were some of the topics discussed in the meetings. These areas were identified as challenges and opportunities for joint development between the public sector, private sector, and multilateral banking.

CAF and CEAPI: Working together for a better future

The partnership between CAF and CEAPI is solidifying as a key platform to promote investment and sustainable development in Paraguay. Both institutions are committed to working alongside the government and the private sector, with robust expansion for the latter in supporting green and sustainable investments to build a better future for the country and the region.

Within the framework of the working alliance with CEAPI, the next meeting will take place in Cartagena de Indias, Colombia. CAF will take this opportunity to reaffirm its position as a strategic partner in the region to build a better future.