Paraguay’s economic and political deterioration deserve a closer look

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Writing in The Daily Signal, Anthony Kim of the Heritage Foundation recently called for a recognition of ‘Paraguay’s Economic and Political Transformation’, as a South American country positioned for economic and political development.  In his article, Kim states: “[Paraguay] was long one of the poorest and most undemocratic. Yet gradually but surely, Paraguay has accomplished notable political and economic reforms, a transformation that is earning a second look from its allies and potential investors.”
While it is impossible to include every single fact about Paraguay’s socio-economic situation, growing inflation, and ongoing political turmoil, it is essential to note the following:
1. The National Senate Palace in Asuncion was burned down on the night of March 31, 2017, by violent protesters encouraged by leaders of the Authentic Radical Liberal Party (a major opposition party). Over one year later, the building is still closed while only half of the Congressional Palace is operational although its roof is seriously affected by rain and excessive humidity;
2. Extreme Poverty and surprising lack of liquidity among Paraguayans is alarming. Only thirty meters away from the Vice President’s office, on August 30, I ran into four homeless indigenous Paraguayans sleeping on the sidewalk, who could easily be observed from the Vice President’s office;
3. The country’s judicial branch and penitential system are saturated by corrupt Supreme Court judges and dangerous Brazilian common criminals that have swamped Paraguay and continue to be operational even while incarcerated;
4. Paraguay’s immediate former Attorney General Javier Diaz Veron is currently in jail, and his wife is under house arrest. Both are under investigation for money laundering, participation in criminal organization, and influence peddling;
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