Villa Elisa, Paraguay works in the capital of the country. Villa Elisa, Paraguay Villa Elisa () is a city in the Central Department of Paraguay on the outskirts of Asuncion. It was the only colony that was inhabited by Swedish people in Paraguay and today is one of the most important and active cities that are part of the Metropolitan Area of the capital. Villa Elisa is an urban city and borders with Asuncion, in the Defensores del Chaco Ave some 16 km away from Asuncion's city centre. It was founded on March 22, 1938. After the Paraguayan War, Paraguay with its population
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