“The best-kept secret in South America” is the title of the special report on Paraguay just published by the prestigious international magazine TIME. The report highlights the country's strategic location in the heart of South America, as well as its low energy costs and affordable tax burden, characteristics that seduce international investors.
The prestigious U.S. magazine refers to Paraguay as “A jewel waiting to be discovered”. It mentions as key factors the Public-Private Partnership and Fiscal Responsibility laws, as tools for the country's future and sustainable growth. It also indicates that the provision of physical infrastructure is boosting trade and favoring business.
TIME also praises Paraguay's climate and soil fertility, factors that give the country an important comparative advantage in agribusiness. It adds that the Itaipu dam, in addition to demonstrating its competence in terms of technological development, does a commendable job in caring for the environment, which allows Paraguay to obtain renewable and abundant energy at low cost.