Paraguay's New Finance Minister: Bridging Gap

0:00On April 8th, Paraguay's president Santiago Pena just named Oscar Lavera as the new economy and finance minister. This happened on April 8th, according to a government statement. Lavera steps in after Carlos Fernandez resigned last week at the president's request. Lavera comes from the vice ministry of financial administration where he handled key money matters. The president's team calls this switch a fresh start to lock in economic growth and make government run smoother. Under Fernandez, the economy kept growing steady, inflation stayed low, and Paraguay even snagged investment-grade ratings from Moody's and S&P, global. Those were solid wins on the macro level. But critics point out that everyday folks aren't feeling those gains yet, thanks to ongoing issues and institutions that blocked the benefits from, trickling down. As Paraguay pushes for this new phase, all eyes are on Lavera to bridge that gap and keep the momentum rolling. From around the world, powered by AI, this is Global News Today. I'm Corey with The Story.