PARAGUAY | Overview: Small country, big hopes

PARAGUAY | Overview: Small country, big hopes

A surprisingly bright festival of Brazilian and South Korean brands in the streets of AsunciĆ³n contrasts with the tranquil waters of the Paraguay River, which flows through the sleepy capital city. The landlocked country, located in the heart of South America, is looking for a new economic dawn.High rise buildings are still few and far between in the emerging business district of Santa Teresa, and in the colonial part of the city, where most of the ministries are located. But under the new government of President Horacio Cartes, Paraguay is trying to shake off its old image as a sometimes corrupt, authoritarian and unstable Latin American country, crippled by a volatile economy. To that purp

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