Final Report: Paraguay Threshold Country Program: Focus Area II Formalization of Economic Activities .
Project Report | December 31, 2008
This report describes the results of the Threshold program implemented in Paraguay, and how improvements implemented and their impact through formalization is directly related to the construction of a healthier economy.
According to the Central Bank of Paraguay’s (BCP) preliminary figures for 2007, the private sector—defined as “economic activities not produced by the public sector”—accounted for 85% of GDP. Formalization enables this critical sector for economic development to become better organized and more stable. This report describes the results of the improvements implemented and their impact and potential for building a better future for Paraguay. Formalization is directly related to the construction of a healthier economy capable of growth and growing competitiveness. The progress made is proof that an interinstitutional commitment, along with the individual responsibility of government officials, can ensure the sustainability of the changes in the long term.