Paraguay
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World Bank nudges up Latin America growth forecast to 2.3% but warns of skills shortage
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
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EU presses ahead with December signing of divisive Mercosur deal
The European Commission is gearing up to sign its contentious trade agreement with South American bloc Mercosur on December 5 in Brazil, possibly sealing the fate of an accord that has languished in negotiations for more than a quarter-century.
Paraguay presses for Taiwan’s UN membership
Paraguay’s President, Santiago Peña, has urged the UN General Assembly to admit Taiwan as a full member, calling its exclusion a "long-standing injustice that undermines the credibility of the multilateral system."
Spain pushes for swift EU-Mercosur deal ratification as December signing looms
Spain has intensified calls for the swift ratification of the EU-Mercosur trade agreement, with Agriculture Minister Luis Planas declaring that "not a minute should be wasted" on a deal that could be signed as early as December.
China rejects US "bullying" over Latin American partnerships
China has once again rejected American efforts to pressure Latin American nations into reducing ties with Beijing, with a foreign ministry spokesperson asserting the region's right to choose its own development partners independently.
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Latin America's development gains under threat as one in four live in poverty, UN report finds
UNDP warns of stagnation and rising vulnerability across the region amid "overlapping crises".
Small, medium-sized countries establish Future of Investment and Trade Partnership
UAE joins 13 countries in establishing Future of Investment and Trade Partnership to promote open trade, strengthen supply chains and address emerging economic challenges globally.
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EU pushes trade pacts with Mexico and Mercosur
The European Union has thrown its weight behind two major Latin American trade agreements, formally launching the ratification process for deals with Mercosur and Mexico despite sustained resistance from agricultural nations and farmers.
ECLAC raises Latin America growth forecast to 2.2% but warns of prolonged slowdown
The UN Economic Commission for Latin America and the Caribbean has lifted its 2025 regional growth estimate to 2.2% from a previous 2.0% projection, whilst acknowledging that economic expansion remains constrained by global volatility
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Taiwan’s president plans visit to Paraguay amid diplomatic pressure from Beijing
Taiwanese President Lai Ching-te is set to visit Paraguay next month, a move which could include transit stops in the United States and is already drawing criticism from Beijing.