While Paraguay might be on the lips of tech execs in Silicon Valley and East Asia, the country still has a lot of work to do in terms of telling its story to the rest of the world.
Paraguay, a relatively large South American country roughly the same size as the U.S. state of California, has historically been overshadowed by its larger and more well-known next-door neighbors, Argentina and Brazil.But all that's about to change.This landlocked nation of 6 million people, often confused with the similarly sounding Uruguay, is about to become the Silicon Valley of South America.As the largest net exporter of clean energy in the world—99.
And a host of other legal reforms, coupled with robust legal protections for foreign capital, have made the country an increasingly desirable target for foreign investment across many sectors.And Wall Street agrees.Just a few months ago, Moody's upgraded Paraguay's credit rating to investment grade, citing its 'robust and sustained economic growth and our expectations that the economy has become more resilient to shocks, and a track-record of institutional reforms.
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