The Inter-American Development Bank announced the approval of a $6.3 million loan to Paraguay to support an economic census in the country. Relevant information will help define, implement and evaluate policies and programs for economic development.
"Economic censuses are among the largest and most complex statistical operations due to the resources that must be mobilized to compile, process and publish information corresponding to all the economic units in a country within a given timeframe," said IDB Team Leader Ricardo Gazel.
"Information provided by this census will have a significant impact on all activities related to investment and production and, by extension, on initiatives concerning employment, poverty and inequality."
"This will be the first economic census in the country in 40 years," added Gazel. "Information gathered will allow for more efficient decision-making by the public and private sector and local, departmental and central governments."
The Technical Secretariat of Planning of Paraguay will carry out the program through the Bureau of Statistics, Surveys and Censuses. Local counterpart funds will total US$500,000.