Leaders from the Bolivarian Alliance for the Peoples of the Americas met October 16 and 17 in Cochabamba, where they charted a course for implementing a virtual currency that could replace the dollar in commercial transactions. ALBA also imposed a blockade on Honduras.
Paraguay
Paraguay's geographic location, stable economy, and natural resources offer investment opportunities to spur development, as public and private sector leaders noted during AS/COA's first Latin American Cities Conference in Asunción.
The presidents of Paraguay and Brazil signed an accord that puts the former on more equal footing with its neighbor in the sale of electricity produced at the jointly owned Itaipu hydroeletric dam.
Just over a month after assuming office, Paraguay’s President Fernando Lugo delivered a speech at AS/COA in which he described how his presidency marked an important democratic shift in Paraguay.
During a luncheon hosted by AS/COA on September 23, Paraguay's President Fernando Armindo Lugo highlighted the political transformation that started with his election and the multiple opportunities and challenges that Paraguay faces ahead. Read his remarks in Spanish.
President of Paraguay Fernando Lugo, who assumed office in August and represents a switch from the political party that ruled for over 60 years, described the historic nature of his administration. “Paraguay has changed and we are inviting you all to be part of this new enterprise."
Just over a month after assuming office, Paraguay’s President Fernando Lugo delivered a speech at AS/COA in which he described how his presidency marked an important democratic shift in Paraguay.