Paraguay’s Economy Minister forecasts economic difficulties in 2025 due to drought affecting agriculture and driving up prices. Innovative policies are necessary to enhance public welfare and prioritize health, education, and security. The government aims to improve irrigation systems and strengthen industrial development through cooperation with Thailand.
In Paraguay, Economy Minister Carlos Fernández has projected a challenging economic landscape for 2025 due to the ongoing drought, which is significantly impacting agricultural production and consequently elevating prices. In light of these challenges, he emphasized the necessity for innovative policies and a continuous reassessment of government efficiency under President Santiago Peña’s administration, focusing on vital areas such as health, education, security, and social welfare while enhancing public expenditure.
Furthermore, the Ministry of Agriculture highlighted plans to improve irrigation systems in an effort to sustain agricultural output continuity. During a press conference with cabinet members following a meeting, Minister Fernández conceded that the drought would adversely affect both large and medium-sized agricultural businesses, ultimately reflected in consumer prices. He stated, “On the part of the Ministry of Economy and Finance (MEF), we will continue working in a difficult year, from the economic point of view, due to the issue of drought.”
Fernández continued by noting the importance of developing innovative strategies for better satisfaction among consumers. He asserted, “We have to bring innovative proposals with the purpose of reaching, let’s say, a higher degree of satisfaction…” He stressed the necessity for new policies and introspection about past actions, insisting that the government must adapt to changing political, economic, and social circumstances.
He further remarked on the government’s commitment to funding critical sectors such as health, education, security, and social support despite the financial strain posed by the drought, indicating a firm obligation to enhance public welfare. He underlined, “We have the obligation to do more. That is why we are in office, otherwise, we should go home if we are not able to improve the welfare of the people.”
In conjunction with these efforts, Agriculture and Livestock Minister Carlos Giménez has indicated the government’s aim to maximize land equipped with irrigation in order to avoid production stagnation and reliance on imports. Additionally, Paraguayan officials held discussions with Thailand’s Industry Minister, focusing on fostering cooperation in industrial development with particular emphasis on potential investments in the electric vehicle market and the food sector, highlighting the importance of promoting local processing industries to amplify export potential.
In summary, Paraguay is bracing for significant economic challenges in 2025 due to drought-related impacts on agriculture, prompting the government to pursue innovative policies aimed at safeguarding and invigorating essential sectors, such as health, education, and security. The commitment to improving irrigation and enhancing public welfare remains crucial as authorities work to adapt to changing conditions. Additionally, international cooperation discussions signal a proactive approach to industrial development and export promotion.
Original Source: en.mercopress.com
