History of the Jews in Paraguay History of the Jews in Paraguay The history of the Jews in Paraguay begins with the arrival of migration flows, mainly from Europe. The first waves of Jewish immigration to Paraguay began in 1904. Currently, Jewish-Paraguayan community is about 10,000 people, most of them located in the capital Asunción. The first Jews arrived in Paraguay at the end of the 19th century. At the beginning of the 20th century the first community institutions were established in the city of Asunción. During the 1920s Jews from Poland and Ukraine arrived in Paraguay, and in the 1930s a wave of mass immigration
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.