Paraguay Río de la Plata to the Paraná River, and finally up the Paraguay River. In 1537, they established the city of Asunción, which was the first capital of the Governorate of Paraguay and Río de la Plata. Paraguay was the epicenter of the Jesuit Missions, where the Guaraní people were educated and introduced to Christianity and European culture under the direction of the Society of Jesus in Jesuit reductions, mainly during the 17th century. However, after the expulsion of the Jesuits from Spanish territories in 1767, Paraguay increasingly became a peripheral colony, with few urban centers and settlers. Following independence
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