General Bernardino Caballero, Paraguay General Bernardino Caballero, Paraguay General Bernardino Caballero (or simply Caballero) is a town and a district in the Paraguarí Department of Paraguay. It is named after Bernardino Caballero, President of Paraguay from 1881 until 1886. Caballero is located in the north-west region of the Paraguarí department, 101 km from Asunción, the capital of the Paraguay; and about 30 km from the city of Paraguarí. To get there one should take the national route number 1 to Paraguarí, and there take a detour to Gral. Bernardino Caballero. The topography of the district is characterized by hills, streams and swamps. Borders are
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.