After meeting with President Peña, the business sector offers its support to the Government and requests continued actions to promote investments with national and international capital
Representatives of the Business Advisory Council of the Ministry of Industry and Commerce (MIC) expressed their support for the need to continue promoting initiatives that attract national and international investments, generate employment, and strategically utilize Paraguayan energy, following a meeting led by the President of the Republic, Santiago Peña.
The meeting took place after the Executive Branch's decision to revoke decrees related to converging industries, data centers, artificial intelligence, green hydrogen, and Power-to-X projects. In this context, members of the Council analyzed the current scenario and agreed on the importance of advancing solutions that preserve the country's competitiveness and sustain investor interest.
The MIC Business Advisory Council brings together representatives of the country's main productive, industrial, financial, and export sectors, and constitutes a permanent public-private dialogue space for analyzing policies related to economic development, investments, and opportunity generation.
Investments and employment as a priority
During the press conference after the meeting, the president of the Paraguayan Industrial Union (UIP), Enrique Duarte, noted that the business sector understands the need to build consensus but warned that the adopted decisions have effects on the business climate and the country's image before potential investors.
He also stated that Paraguay needs to continue betting on large investments capable of generating quality employment and becoming engines of new economic opportunities.
“The country needs investment. We will only achieve better conditions for our people through employment and investments that attract even larger ones,” he expressed.
Paraguay facing a historic opportunity
For her part, the executive president of the Association of Banks of Paraguay, Liz Cramer, highlighted that Paraguay is going through a particularly favorable moment to attract international capital thanks to the economic conditions achieved in recent years.
She indicated that the country is in a privileged position to attract large-scale projects and emphasized the importance of leveraging its energy potential as a competitive advantage.
“Paraguay today is on the verge of a quantitative and qualitative leap too important for the future of the next generations,” she stated.
The financial sector representative also stressed that the country competes with other investment destinations and that it is essential to create the necessary conditions to attract and retain that capital.
Energy security to sustain growth
In turn, the president of the Union of Production Guilds (UGP), Héctor Cristaldo, highlighted that the availability of electric energy under safe and predictable conditions is a key factor for sustaining economic growth and productive development.
He noted that both national and foreign investors require predictability to expand their activities and generate new employment opportunities.
“Without electricity, it is very difficult to sustain the value chains and productive ventures that Paraguay needs to keep advancing,” he stated.
The Council members agreed on the need to continue working with the Government to find mechanisms that strengthen the country's competitiveness, drive new investments, and enable the transformation of Paraguayan energy into more development, employment, and well-being for the population.
