Paraguay Replaces Economy Minister to Boost Growth

President Santiago Pena has called for a shake‑up in the nation’s economic leadership. In a move that signals a new chapter in his administration, he has asked Carlos Fernandez, the current economy chief, to step down. The decision is part of a broader strategy aimed at injecting fresh expertise and sharpening the focus on economic progress.

Fernandez will be succeeded by Juan Jose Galeano, a presidential adviser who will serve as interim minister until a permanent replacement is selected after the Easter holiday. The president’s office says these changes are intended to consolidate growth and boost state efficiency.

During Fernandez’s tenure, the country enjoyed steady GDP expansion, low inflation, and secured investment‑grade ratings from Moody’s and Standard & Poor’s. Critics, however, argue that institutional gaps have limited the benefits for everyday citizens. The shift reflects a push to address those weaknesses and deliver more tangible results.

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