Paraguay’s new finance minister, Carlos Fernandez, is seeking to reduce the government’s dependence on US dollar financing by making it easier for foreign investors to buy local currency bonds from the local debt market.
Paraguay is a regular issuer of global bonds, selling more than 6.5 billion dollars since 2013.
“We will carry out the necessary measures to make the domestic bond market more attractive, which may change the mix of the amount of export we export abroad and domestically,”Fernandez said.
“The administration of President Pena plans to issue global bonds worth 500 million dollars next year to refinance debt and pay salaries to suppliers,”he added.
