A leftist shift continues to take hold as Brazil voted to bring back Lula in their recent elections. This comes only a few months after Colombia voted leftist candidate Petro into office. Already, worries about the direction of Colombia’s economy are mounting.  And of course, the economic struggles of Argentina and Venezuela are well known.

Meanwhile in Paraguay, a more conservative Republican government led by President Mario Abdo Benitez continues to push the economy forward and maintain a stable currency. Now, it is not all roses with the Paraguayan government. Rumors (quite possibly more than just rumors) of the current government’s corruption persist and there is still a high poverty rate. But as long as the government in power continues to look to be more open to economic growth, keeping inflation low and the currency stable the outlook for investing in Paraguay looks positive.  And although there is an internal rift in the current party, it is expected that Republicans will remain in power, it just may be with Santi Pena. Santi is the former Minister of Finance and Board Member of the Central Bank.

A sign of Paraguay’s relative economic outlook is the growth of the Asuncion real estate market.  Asuncion is seeing massive growth in real estate development and much of the investment capital is coming from its neighbors such as Uruguay, Argentina, and Brazil.  It would seem to indicate that investors from those countries see Paraguay as a relatively safe haven for their capital. Here are the key reasons to invest in Paraguay right now