Pilar, Paraguay Pilar, Paraguay Pilar () is the capital city of the Paraguayan department of Ñeembucú, located along the Paraguay River in the southwestern part of the country. Located about from Asunción, Pilar serves as an important center of commerce and government for the far southwestern region of the country. Pilar was founded by Pedro Melo de Portugal on October 12, 1779. The original name of the settlement was "Villa del Ñeembucú", named for the nearby Arroyo Ñeembucú that flows into the Paraguay River. Four years later it was renamed "Villa del Pilar" by Spanish priest Marcial Antonio Uliambre, for the Basilica
Economy of Paraguay adorn its streets with an identity that enchants anyone who visits the country. As an example, for less than 80 US dollars a visitor can have a personalized trip to a nature reserve area called Eco-Reserva Mbatovi which is located in the Paraguari department, about an hour away from the capital. The trip includes a bunch of different outdoor activities, water, and complete professional guidance during the whole trip.<ref name="http://www.lonelyplanet.com/paraguay"></ref> Paraguay's banking and financial services industry is still recovering from the liquidity crisis of 1995, when news of widespread corruption resulted in the closure of several significant banks. Reform efforts