The financial and technical assistance programs currently in force focus on three pillars:
- Modernization of public administration
- Equity and opportunities for disadvantaged groups
- Job creation and sustainable economic growth.
The World Bank and the Government of Paraguay are currently working together to define the guidelines of the new Partnership Strategy for the period 2014-2018, to be presented to the World Bank Board in December 2014.
The current portfolio of operations includes five investment projects in the areas of infrastructure, rural development, modernization of the water and sanitation sector, energy and two programmatic loans to support the public sector.
The projects are:
With an assistance fund of $ 37.5 million, the Sustainable Rural Development Project aims to contribute to improve the quality of life of small farmers and indigenous communities in the departments of San Pedro and Caaguazú. The initiative supports community organizations and encourages self-government to improve the management of natural resources, contributing to improve the socioeconomic conditions of the population.
In December 2013, the Board approved additional funding of $ 100 million, which will expand the coverage of the project to the departments of Canindeyú, Caazapá and Concepción. Additional funding was approved by the National Congress in July 2014 and was effective by September 2014.
The Road Maintenance Project, which seeks to improve the road infrastructure and maintenance management in Paraguay. The initiative, which has US$ 74 million financing, establishes a sustainable management strategy, which envisages the improvement, modernization and management of the road network through the strategic and transparent use of the scarce resources available.
The Project for the Strengthening of the Electric Sector, which comes up to US$ 100 millions, has the objective of increasing the quality and quantity of electricity service delivery at a national level while improving the performance of the ANDE (National Administration of Electricity).
With US$ 100 million available, the Project for the Support of Policies for the Development of the Public Sector has the objective of decreasing the impact of the world economic crisis as well as improving the functioning of the State.
Additionally, Paraguay has received through the World Bank three donations for the following areas:
Biodiversity Conservation and Sustainable Management of Land in the Eastern Atlantic Forest of Paraguay, which has the objective of helping the country’s efforts in achieving sustainable economic development based in natural resources in the area of the project. This donation is of US$ 4.5 million.
Strengthening of the Republic Comptroller General’s Office that has the objective of increasing the effectiveness and credibility of the entity through the improvement of its audit methodology. This donation is of US$ 330.000.
Strengthening of the Congress’ Legislative Process. Its objective is that of strengthening the supervision capacity of the Evaluation and Follow-up Technical Unit of the Budget Management Office of the National Congress in order to monitor the quality of the formulation and execution of the annual budget as well as strengthen the function of the National Congress in terms of the formulation and dissemination of Legislation. The amount is of US$ 435.000.
Last Updated: Oct 09, 2014