Paraguayan President emphasizes the impact of corruption on foreign investment
US Under Secretary of State for Management and Resources, Richard Verma, highlighted the negative impact of corruption on the economy during a meeting with Paraguayan President Santiago Pena. Verma emphasized that corruption and impunity deter foreign investment, hindering the country’s development and stability.
Verma acknowledged Paraguay’s efforts in fighting corruption but urged them to strengthen their actions to ensure accountability and punish offenders. Stressing the importance of transparency, Verma emphasized that corruption erodes confidence in democracy and influences foreign investors.
He commended Paraguay’s collaboration in promoting democracy, human rights, security, and development within the Western Hemisphere. Verma expressed gratitude for the partnership and emphasized the importance of adherence to democratic principles for a stable and prosperous region.