Concepción, Paraguay the city with Pedro Juan Caballero and Asunción. Concepción has a tropical savanna climate (Köppen: "Aw") with abundant annual precipitation, although possessing a highly prominent summer peak. Summers are very hot, rainy and often oppressively humid. Severe thunderstorms are very common in the summer, and have the capability to dump copious amounts of rainfall in a short period of time, along with destructively high winds and occasional hail. Winter is much drier and considerably cooler, with near drought-like conditions often prevailing. Concepción, Paraguay Concepción () is a city & district in northern Paraguay and capital of the Concepción Department. It
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.