San Alberto, Paraguay San Alberto, Paraguay San Alberto is a city in the Alto Paraná department of Paraguay. It is one of the districts of Northern Alto Paraná and is located about 439 km. from the capital Asunción. San Alberto has seen a rapid development and today is the main city in Northern Alto Paraná. The city was founded by Alberto Fernández Valenzuela, a captain of the Paraguayan navy, who was president of the Empresa Colonizadora Industrial Mbaracayu S.A., initially was known as Gleba 6 and belonged to the district of Hernandarias. The inhabitants are mostly of Brazilian origin. Agriculture is the main
Economy of Paraguay Most of Paraguay's trade takes place with Uruguay, Brazil and Argentina. In 2002 Paraguay conducted more than US$400 million in trade with Argentina and nearly US$800 million with Brazil. Paraguay is also a member of the Inter-American Development Bank, Latin American Integration Association, and Latin American Economic System and a signatory to the agreement creating the South American Community of Nations. In 2004 Paraguay signed an energy cooperation agreement with Venezuela to purchase oil and petroleum. Venezuela agreed to concessional financing that allowed Paraguay to pay over a 15-year period at a nominal interest rate. Imports totaled US$3.3 billion in