San Juan Bautista, Paraguay San Juan Bautista, Paraguay San Juan Bautista (), capital of the Department of Misiones, Paraguay, is considered the cradle of the religious mission culture. The city is the seat of the Roman Catholic Diocese of San Juan Bautista de las Misiones. San Juan Bautista Misiones is located 196 kilometers south of Asunción. One can travel to the city by following the Route 1st “Mcal. Francisco Solano López”. In summer, the maximum temperature is 39 degrees Celsius. The minimum temperature in winter is zero degrees Celsius. The annual average is 21 degrees Celsius. With a total area of 2,300 square kilometers,
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.