Political parties and leaders: Colorado Party, Eugenio SANABRIA
CANTERO, president; Authentic Radical Liberal Party (PLRA), Domingo
LAINO; National Encounter (EN), Guillermo CABALLERO VARGAS (the EN
party includes the following minor parties: Christian Democratic Party
(PDC), Jose Angel BURRO; Febrerista Revolutionary Party (PRF),
Euclides ACEVEDO; Popular Democratic Party (PDP), Hugo RICHER)
Other political or pressure groups: Confederation of Workers (CUT);
Roman Catholic Church
Member of: AG (observer), CCC, ECLAC, FAO, G-77, GATT, IADB, IAEA,
IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO,
INTELSAT, INTERPOL, IOC, IOM, ITU, LAES, LAIA, MERCOSUR, OAS, OPANAL,
PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WIPO, WMO, WTO
Diplomatic representation in US: chief of mission: Ambassador Jorge Genaro Andres PRIETO CONTI chancery: 2400 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 483-6960 through 6962 FAX: [1] (202) 234-4508 consulate(s) general: Miami, New Orleans, and New York
US diplomatic representation: chief of mission: Ambassador Robert SERVICE embassy: 1776 Avenida Mariscal Lopez, Asuncion mailing address: C. P. 402, Asuncion; Unit 4711, APO AA 34036-0001 telephone: [595] (21) 213-715 FAX: [595] (21) 213-728
Flag: three equal, horizontal bands of red (top), white, and blue with an emblem centered in the white band; unusual flag in that the emblem is different on each side; the obverse (hoist side at the left) bears the national coat of arms (a yellow five-pointed star within a green wreath capped by the words REPUBLICA DEL PARAGUAY, all within two circles); the reverse (hoist side at the right) bears the seal of the treasury (a yellow lion below a red Cap of Liberty and the words Paz y Justicia (Peace and Justice) capped by the words REPUBLICA DEL PARAGUAY, all within two circles)
@Paraguay:Economy
Overview: Agriculture, including forestry, accounts for about 25% of GDP, employs about 45% of the labor force, and provides the bulk of exports, in which soybeans and cotton are the most important. Paraguay lacks substantial mineral or petroleum resources but possesses a large hydropower potential. In a major step to increase its economic activity in the region, Paraguay in March 1991 joined the Southern Cone Common Market (MERCOSUR), which includes Brazil, Argentina, and Uruguay. In 1992, the government, through an unorthodox approach, reduced external debt with both commercial and official creditors by purchasing a sizable amount of the delinquent commercial debt in the secondary market at a substantial discount. The government had paid 100% of remaining official debt arrears to the US, Germany, France, and Spain. All commercial debt arrears have been rescheduled. For the long run, the government must press forward with general, market-oriented economic reforms. Growth of 3.5% in 1993 was spurred by higher-than-expected agricultural output and rising international commodity prices. Inflation picked up steam in fourth quarter 1993 because of rises in public sector salaries and utility rates. GDP growth continued in 1994 at 3.5%. Although inflation declined a bit over 1993, increases in food prices, and crop and infrastructure damage from heavy rains at the end of the year, forced inflation to 18%, above the government's target of 15%. Paraguay reaffirmed its commitment to MERCOSUR on 1 January 1995 by implementing the organization's common external tariff.
National product: GDP - purchasing power parity - $15.4 billion (1994 est.)
National product real growth rate: 3.5% (1994 est.)