Paraguay and the World Bank
Relationship between a country and the World Bank / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Paraguay and the World Bank?
Summarize this article for a 10 year old
Paraguay joined the World Bank Group on 28 December 1945. In 1951, the World Bank approved an Agriculture project[1] in Paraguay marking the beginning of a partnership that persists to this day and has given rise to 76 development projects[2] of which 6 are currently active. Paraguay has received $2,718,521,989 in total commitments from the World Bank. Paraguay saw an annual growth rate of 4.5% per year until 2016 making it one of the fastest growing economies among regional neighbors.[3] The implementation of steady and dependable macroeconomic policies have fostered a friendly environment for investors that largely contribute to Paraguay's consistent economic growth, however much of Paraguay's economic development has resulted from the replacement of forests with agriculture operations. As forests become increasingly scarce and climate change disrupts agricultural output, Paraguay will be forced to adapt its economy and society to meet a number of targets including strengthening the rule of law, achieving sustainability in regards to its natural resources, investing in human capital, and improving government services. To achieve these goals, Paraguay is collaborating with the World Bank including strategic partnerships with IBRD, and IFC. Jordan Schwartz is the World Bank director for Paraguay and Matilde Bordón is the World Bank representative.
This article needs additional citations for verification. (March 2020) |