It is extremely rare to see an emerging market with such a strong macro economy and conservative fiscal policies.
Kiawah Island, SC (PRWEB) May 07, 2013
Evidenced by the number of global investors from Europe, India, the Middle East, and North and South America convening in Miami, it would appear that the efforts of Paraguay’s new leaders to effect the change necessary to attract foreign investment are working.
There seems to be no argument that Paraguay has such an abundance of natural and developed resources that if properly exploited, the country as a whole could become the catalyst for significant investment returns. However, until now, a lack of transparency, trust, rule of law, wealth sharing, and the suggestion of major corruption have deterred global investors from rushing in. “There is no doubt that Paraguay has suffered from the continued perception that the risks are not worth the returns for foreign investors," stated Stuart Williams, President of Southern States Business Coalition. However, Williams went on to say that Paraguay’s new leaders are changing the way the country does business and are determined to prove that in this instance, perception is not reality.
Many of Paraguay's young leaders were educated at some of the world’s leading universities including Oxford, Harvard, Yale, Cambridge, and the University of Chicago. Even though initially working in wonderful careers in North America, Europe or Asia, the majority are returning to Paraguay in order to help manage the change that is rapidly spreading across the country.
“Today, Paraguay is emphatic that foreign investments are made with full transparency and zero corruption, but that is not all, they have to be sustainable and fall in line with developing mandates governing employee, community and environmental stewardship. We fully believe that this will result in unheralded capital inflows into sectors such as infrastructure, agriculture, energy, distribution and logistics, consumer packaged goods, life sciences, real estate and technology,” states Gloria McCall Snead, a partner in the firm of Guaraní International Advisors.
On May 20th and 21st in Miami, Florida most of Paraguay’s most senior government ministers and leading private sector executives will convene with global business leaders to discuss the new Paraguay and why it is becoming far less of a risk to invest in its wealth of resources.
The speaking faculty and guest list includes:
The Honorable Manuel Ferreira, Minister of Finance, Paraguay
The Honorable Richard Kent, Secretary of National Planning, Paraguay
The Honorable Diego Zavala, Minister of Industry and Trade, Paraguay
The Honorable Martin Burt, Secretary General of the Presidency of the Republic, Paraguay
The Honorable Liz Cramer, Minister of Tourism, Paraguay
Ambassador Fernando A. Pfannl Caballero, Paraguayan Ambassador to The United States
Ambassador Manuel María Cáceres, Deputy Minister of Economic Affairs, Paraguay Ministry of Foreign Affairs
Ambassador Genaro Vicente Pappalardo, Paraguayan Ambassador to India
Ambassador Leila Rachid, Former Paraguayan Secretary of State and Former Paraguayan
Ambassador to the United States & Argentina
Sr. Carlos Heisele, President, ANDE
Sr. B. Eduardo Felippo, President of the UIP (Industrial Union Paraguay)
Sra. Martha Sophia Lopez Garelli, Consul General for Paraguay in Miami
Sr. Ricardo Herreros, Director, REDIEX Ministry of Industry and Commerce
Mr. Roland Holst, Member of the Board of Directors Banco Central del Paraguay
Mr. Santiago Peña, Member of the Board of Directors Banco Central del Paraguay
Sr. Carlos Jorge Biedermann, President, CAP
Mr. Sebastien Lahaie, CEO, Abbeyfield Group, Paraguay
(Ing.) Juan Carlos Alvarez, Director, ANDE & Secretario Ejecutive del Comite Nacional Paraguayo de la CIER
Mr. Steven McGowan, Member, Steptoe & Johnson
Mr. Russell Schetroma, Member, Steptoe & Johnson
Built upon an incredibly stable macro economy and conservative fiscal policies, Paraguay’s new government and business leaders are in unison with regard to opening up the country's wealth of opportunities to foreign investors. Utilizing strong government incentives and structures developed to promote PPP’s, direct investments and local partnerships in a manner that will promote a sustainable, transparent economy that will benefit all Paraguayan's, foreign investors have opportunities rarely present in emerging markets.
Williams finished by saying, “It is extremely rare to see an emerging market with such a strong macro economy and conservative fiscal policies. We believe that the new Paraguay will provide global investors with the kind of investment opportunities and returns that do not present themselves very often."
For more information on the new Paraguay and the conference, visit http://www.opportunitiesinparaguay.com.