Santa María, Paraguay a total population of 7,385 inhabitants, of which 1,981 lives in the urban area of the district. Santa María, Paraguay Santa María de Fe is a town and district located in the Misiones Department in Paraguay, located about 15 km from the city of San Ignacio. The district of Santa María de Fe is located in the Eastern Region of Paraguay. It's located 253 km south of Asuncion, the capital of the country, one arrives at Santa Maria, taking the National Route Number 1, and then taking a detour between the cities of San Ignacio and Santa Rosa. The district
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.