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Companies / Paraguay

Paraguay To Welcome Private Investment For Telecoms

August 2008 | FDI Alert

Paraguay's new president, Fernando Lugo who is set to be inaugurated on August 15, is open to the idea of private investment in the country's state-owned companies according to the future Ministro de Hacienda (Minister of Finance) Dionisio Borda. Lugo, a former catholic bishop, was elected in May 2008 on a promise of land reform and a social emergency plan for one of South America's poorest countries.

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