The World Bank Group and the Government of Paraguay agreed on a new Country Partnership Strategy for 2015-2018. This strategy supports the country’s efforts to reduce extreme poverty to 9% and promote the growth of income of the poorest 40% of the population.
Financial and technical assistance and knowledge-sharing programs focus on three pillars:
- Strengthening of resilience to risks and volatility.
- Promotion of the provision of goods and services to the poorest citizens.
- Promotion of inclusive markets.
The current portfolio includes five investment projects in infrastructure, rural development, energy and modernization of the water and sanitation sector, as well as three programmatic loans to support the public sector.
These projects are:
With financing for US$ 137.5 million, the Sustainable Rural Development Project aims to contribute to improving the quality of life of small farmers and indigenous communities in the departments of San Pedro, Caaguazú, Canindeyú, Caazapá and Concepción. The initiative supports community organizations and encourages self-governance to enhance natural resource management in an effort to improve the population’s socioeconomic conditions.
The Road Maintenance Project seeks to improve road infrastructure and maintenance in the country. The US$ 74-million initiative implements a sustainable management strategy for the improvement, modernization and management of the road network through the strategic, transparent use of limited available resources.
The Project to Modernize the Water and Sanitation Sector, with funding for US$ 64 million, aims to improve sector management and water and sanitation services, as well as to increase access to sanitation services in Metropolitan Asunción. The project also works to expand sustainable access to water and sanitation in rural communities.
With US$ 100 million in funding, the Project to Support Development Policies of the Public Administration seeks to mitigate the impact of the global economic crisis as well as to improve the functioning of the government administration.
The US$ 100 million Project to Support Development Policies and Implement Reforms supports the government’s reform program, which is designed to increase public sector efficiency through improved oversight of state companies and internal financial controls, as well as to strengthen the tax system.
Additionally, Paraguay has received four grants through the World Bank for the following:
Social accountability of the Tekoporá Program: the Development Information and Resource Center (CIRD) will implement this program, with support from the World Bank and the Global Partnership for Social Accountability (GPSA). The program is a key initiative of the new 2015-2018 Country Partnership Strategy, whose objectives include improved social accountability through citizen empowerment for increased oversight of public service delivery. The main goal of the US$ 600,000 grant is to strengthen the voice of participants of the Tekoporá Program to improve the program’s effectiveness and efficiency as well as to promote citizen oversight of program activities and results.
Biodiversity Conservation and Sustainable Management of Paraguay’s Eastern Atlantic Forest, which seeks to support the country in achieving sustainable economic development based on natural resources in the project area. This grant is for US$ 4.5 million.
Strengthening of the Comptroller General’s Office: The objective of this project is to increase the effectiveness and credibility of the office by improving its auditing system. This grant is for US$ 330,000.
Strengthening of the Legislative Process: The objective of this project is to strengthen the oversight capacity of the Monitoring and Evaluation Unit of the Budget Management Office of the National Congress to monitor the quality of annual budget allocations and spending, as well as to strengthen the capacity of the Congress to develop and disseminate legislation. This grant is for US$ 435,000.
Last Updated: Oct 09, 2014