Prostitution in Paraguay Prostitution in Paraguay Prostitution in Paraguay is legal for persons over the age of 18, but related activities such as brothel keeping are prohibited. Prostitution is common in the country. Brothels are also common, even some rural villages have a small bar/brothel on the outskirts. Whilst there is no red-light district in the capital, Asunción, street prostitution is widespread in the city centre,especially around Plaza Uruguaya. Brothels are also common in the city centre. Prostitutes can also be found in bars and discos. There are about 30 "motels" in and around the city that cater for illicit sex. Rented by
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.