Paraguay - Country Partnership Framework : Chair Summary

Overview & Synopsis

The Executive Directors discussed the World Bank Group Country Partnership Framework for Paraguay for 2027 to 2034, welcomed its alignment with the National Development Plan, its selectivity and strategic use of the World Bank Group envelope, and its emphasis on resilient infrastructure, private sector development, and human capital strengthening, including leveraging natural and renewable energy to foster a more productive, diversified, and inclusive economy and promoting private sector led growth in agribusiness, forestry, energy, and light manufacturing supported by improved connectivity, business environment reforms, and mobilization of private investment. Directors underscored coordinated engagement across IBRD, IFC, and MIGA and the use of knowledge and advisory to address deep structural barriers, emphasized a lifecycle approach to human capital that aligns education and skills with labor market needs and broadens opportunities for women and vulnerable groups including rural and indigenous populations, encouraged continued coordination with other development partners especially IDB, and noted substantial political, governance, institutional capacity, environmental, and social risks that require strengthened implementation capacity and close monitoring.