Encarnación, Paraguay Encarnación, Paraguay Encarnación () is a district and the capital city of Itapúa Department in Paraguay, located at the south-east of the department, on the right-hand (western) shore of the Paraná River, opposite Posadas, Argentina. The city has an area of 274 km² and a population of 93,497 (2002 Census). Encarnación is the third-largest city of Paraguay. Encarnación is connected to the Argentine city of Posadas by the San Roque González de Santa Cruz Bridge and the International Train. The city is located on Route 1, some 370 km (225 miles) from Asunción, and located on Route 6, some 280
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