Paraguay has historically been less known than its larger and more popular neighbors - Argentina and Brazil. However, all this is ready to change for a relatively large South American country. Paraguay, which does not have access to the sea and has a population of about six million people, is often compared to Uruguay, which is similar in name, ready to become the "Silicon Valley" of South America. Thanks to the fact that it is the largest supplier of clean energy in the world (99.9% of its electricity production has no emissions of coal gas), Paraguay is in an ideal position. The world of technologists continues to seek sources of energy needed to meet the enormous demands of artificial intelligence, and Paraguay, thanks to the hydroelectric plants Itaipu and Yacyretá, which are shared with Brazil and Argentina, produces massive amounts of renewable energy. A large portion of this energy is exported to neighbors, attracting major companies in artificial intelligence, such as Google, OpenAI, Meta, Nvidia, among others. President of Paraguay, 45-year-old Santiago Peña, one of the youngest heads of state in Latin America, stated to the New York journal about the aim of making Paraguay a technological center of the region and the world, drawing on the country’s cheap electricity. Not only does Paraguay's ability to produce clean energy ensure its appearance on the global technological arena. Recent major reforms in the public sector have made the country extremely attractive for foreign investors, while the inflation rate is about 4% per year. Many tax experts around the world highly evaluate the fixed tax on added value at 10%, as well as individual and corporate taxes in Paraguay. Moody's agency last month raised Paraguay's credit rating to investment level, noting 'strong and sustainable economic growth, improved economic sustainability to shocks and an impressive list of institutional reforms,' as well as a young working population with an average age of 26 years and a significant digital workforce. In this time, Paraguay could be on the lips of influential directors in the field of technology in Silicon Valley in California and Eastern Asia, it still has much work to do, including telling its story to the rest of the world. The first head Peña, as experts assert, is 'a dynamic marketer and excellent ambassador of his country, but there is still much work to do,' including developing a national brand, as other small energy-exporting countries have done in the last 20 years.
