Borja, Paraguay Borja, Paraguay Borja is a town in the Guairá Department of Paraguay. According to the 2002 Census this district has a total population of 9222 inhabitants. Only 3.2% of the total population lives in the urban area, 298 inhabitants. It is located in the south-western part of the Guairá department. Its urban area is located only 2 km away from the San Salvador urban area. From Asunción you have to follow the National Route 2 until the city of Coronel Oviedo. There taking the detour of the Route 8 you get to the city of Villarrica, capital of the department,
Economy of Paraguay Foreign investment in Paraguay nearly disappeared in 2002. After direct foreign investment of US$84 million in 2001, only US$9 million in investment came from abroad in 2002. This drop was largely the result of the financial crisis in Argentina and the banking collapse in Paraguay. Direct foreign investment rebounded in 2003, reaching US$90.8 million for the year. Paraguay has depended on the International Monetary Fund (IMF) and World Bank for economic development assistance. The World Bank has promised Paraguay assistance totaling US$325 million between 2003 and 2007. Projects currently underway in Paraguay aim to improve education, transportation, and rural development.