Wednesday, December 17, 2014

New World Bank Group Strategy to Support Reduction in Extreme Poverty and Inequality in Paraguay

The new strategic partnership emphasizes knowledge exchange and cooperation via technical consultancy and analytical study services that will be part of programmatic commitments. It is expected that the WBG’s financial commitments for the period will total between US$1 and US$1.1 billion in operations destined both for the public sector, via the International Bank for Reconstruction and Development (IBRD), as well as the private sector, via the International Financial Corporation (IFC). The Multilateral Investment Guarantee Agency (MIGA) will also play an active role in the implementation of the strategy, with the objective of attracting a higher level of foreign investment into the country.

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