DOCSLIB.ORG

REPUBLIC of PARAGUAY 5.400% Bonds Due 2050

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
REPUBLIC of PARAGUAY 5.400% Bonds Due 2050 OFFERING MEMORANDUM US$450,000,000 REPUBLIC OF PARAGUAY 5.400% Bonds due 2050 We are offering US$450,000,000 aggregate principal amount of 5.400% bonds due 2050 (the “New Bonds”) of the Republic of Paraguay (the “Republic” or “Paraguay”) that will be a further issuance of, and will be consolidated to form a single series with, the US$500,000,000 aggregate principal amount of Paraguay’s outstanding 5.400% bonds due 2050 issued on February 7, 2019 (the “Initial Bonds”, and together with the New Bonds, the “Bonds”). The New Bonds will have identical terms and conditions, except for the issue date, issue price and the first interest payment date, as the Initial Bonds and will constitute a single series and vote as a single class of debt securities under the indenture with the Initial Bonds. The Initial Bonds and the New Bonds will have the same ISIN, CUSIP and Common Code numbers and be fungible, except that the New Bonds offered and sold in compliance with Regulation S will be issued and maintained under temporary ISIN, CUSIP and Common Code numbers during a 40-day distribution compliance period commencing on the date of issuance of the New Bonds. After such 40-day distribution compliance period, the New Bonds offered and sold in compliance with Regulation S will share the same ISIN and CUSIP numbers as, and will be fungible with, the Initial Bonds offered and sold in reliance on Regulation S. After giving effect to this offering, the aggregate principal amount of Bonds will be US$950,000,000. The New Bonds will bear interest on their outstanding principal amount at a rate of 5.400%, payable semi-annually in arrears on March 30 and September 30 of each year (each, an “Interest Payment Date”), commencing on March 30, 2020 and ending on March 30, 2050 (the “Maturity Date”). The interest due on March 30, 2020 will include interest accrued from September 30, 2019. Principal on the Bonds will be repaid in three installments on March 30, 2048, March 30, 2049 and at maturity. For more information see “Description of the Bonds—General—Basic Terms.” The Republic may redeem the Bonds, in whole or in part, at any time or from time to time prior to the date that is six months prior to the scheduled maturity of the Bonds (“Par Call Date”), by paying the greater of 100% of the principal amount of the Bonds being redeemed and a “make-whole” amount, in each case, plus accrued and unpaid interest. Beginning on the Par Call Date, the Republic may redeem the Bonds in whole or in part, at any time or from time to time, at the Republic’s option at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the Bonds being redeemed to the date of redemption. For more information see “Description of the Bonds—Redemption and Repurchase—Optional Redemption.” The Bonds constitute and will constitute direct, general, unconditional and unsubordinated External Debt (as defined herein) of the Republic for which the full faith and credit of the Republic is pledged. The Bonds rank and will rank without any preference among themselves and equally with all other unsubordinated External Debt of the Republic. It is understood that this provision shall not be construed so as to require the Republic to make payments under the Bonds ratably with payments being made under any other External Debt. The Bonds contain provisions commonly known as “collective action clauses”. Under these provisions, which differ from the terms of the Republic’s public external indebtedness issued prior to March 31, 2016, the Republic may amend the payment provisions of any series of debt securities issued under the indenture (including the Bonds) and other reserved matters listed in the indenture with the consent of less than all of the holders of the debt securities. For more information see “Description of the Bonds—Meetings, Amendments and Waivers—Collective Action.” We will apply to list the New Bonds on the Official List of the Luxembourg Stock Exchange and to have the New Bonds trade on the Euro MTF Market of the Luxembourg Stock Exchange. See “Risk Factors” beginning on page 10 to read about important factors you should consider before investing in the New Bonds. The New Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act (“Regulation S”)) unless the New Bonds are registered under the Securities Act or an exemption from the registration requirements of the Securities Act and applicable state securities laws is available. The New Bonds are being offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act (“Rule 144A”) or to non U.S. persons in accordance with Regulation S. For a description of certain restrictions on transfer of the New Bonds, see “Notice to Investors” and “Transfer Restrictions.” Public Price: 115.388% plus accrued interest from September 30, 2019 to but not including January 21, 2020, and any additional interest if settlement occurs after January 21, 2020. Delivery of the New Bonds in book-entry form will be made through the facilities of The Depository Trust Company (“DTC”) and its direct and indirect participants, including Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking, Luxembourg, société anonyme (“Clearstream”) on or about January 21, 2020. Joint Book-Running Managers Goldman Sachs & Co. LLC Itaú BBA Morgan Stanley The date of this Offering Memorandum is January 15, 2020. -i- Paraguay has provided you only with the information contained in this offering memorandum (the “Offering Memorandum”). Paraguay has not authorized anyone to provide you with different information. Paraguay is not, and the initial purchasers (as defined under “Plan of Distribution”) are not, making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that the information contained in this Offering Memorandum is accurate as of any date other than the date on the front of this Offering Memorandum. TABLE OF CONTENTS Page NOTICE TO INVESTORS ......................................................................................................................................... iii PRIIPs/IMPORTANT – EEA RETAIL INVESTORS ................................................................................................. iv NOTICE TO UNITED KINGDOM RESIDENTS ONLY ........................................................................................... iv CONVENTIONS ........................................................................................................................................................... v CAUTIONARY STATEMENT REGARDING PROJECTIONS AND OTHER INFORMATION ABOUT FUTURE EVENTS .............................................................................................................................................. vii SUMMARY .................................................................................................................................................................. 1 RISK FACTORS ......................................................................................................................................................... 10 USE OF PROCEEDS .................................................................................................................................................. 21 REPUBLIC OF PARAGUAY ..................................................................................................................................... 22 THE PARAGUAYAN ECONOMY ........................................................................................................................... 31 BALANCE OF PAYMENTS AND FOREIGN TRADE ............................................................................................ 66 MONETARY SYSTEM .............................................................................................................................................. 82 PUBLIC SECTOR FINANCES ................................................................................................................................ 100 PUBLIC SECTOR DEBT ......................................................................................................................................... 116 DESCRIPTION OF THE BONDS ............................................................................................................................ 131 BOOK-ENTRY, DELIVERY AND FORM.............................................................................................................. 145 TAX CONSIDERATIONS ....................................................................................................................................... 150 PLAN OF DISTRIBUTION ...................................................................................................................................... 155 TRANSFER RESTRICTIONS .................................................................................................................................. 163 SERVICE OF PROCESS AND ENFORCEMENT OF CIVIL LIABILITIES ......................................................... 166 OFFICIAL STATEMENTS AND DOCUMENTS ..................................................................................................
Load more

Recommended publications
  • The 1996 Institutional Crisis in Paraguay
    Democratic Forum The 1996 Institutional Crisis in Paraguay September 1996 Washington, D.C. Secretary General César Gaviria Assistant Secretary General Christopher R. Thomas Executive Coordinator, Unit for the Promotion of Democracy Elizabeth M. Spehar This publication is part of a series of publications of the General Secretariat of the Organization of American States (OAS). Opinions and statements expressed are not necessarily those of the OAS or its member states, and are entirely the responsibility of the parties expressing them. Democratic Forum The institutional crisis of April 22 to 24, 1996, in Paraguay, from the perspective of the Government, civil society, and the international community Unit for the Promotion of Democracy This report is an edited version of the original transcripts, produced under the technical supervision of Mr. Diego Paz, Senior Specialist of the UPD, and Coordinator of this Forum. Professor Riordan Roett contributed with the summary and comments included in this issue. Design and composition of this publication was done by the Information and Dialogue Section headed by Mr. John Murray of the UPD. Mrs. Betty Robinson and Mrs. Judith Horvath- Rouco helped with the final editing of this report, and JNA Design was responsible for the graphic design. Copyright @ 1997. All rights reserved. Reproduction of this material is authorized; please credit it as Aa publication of the General Secretariat of the Organization of American States@. Table of contents Preface..........................................................................................................................................
    [Show full text]
  • Paraguay Mennonites: Immigrants, Citizens, Hosts
    Mennonite Central Committee Peace Office Publication January –March 2009 Volume 39, Number 1 Paraguay Mennonites: Immigrants, Citizens, Hosts IN THIS ISSUE Introduction 3 Mennonites In Paraguay: by Daryl Yoder-Bontrager A Brief History by Edgar Stoesz n July of this year, people who are part Paraguay was appropriate for Mennonites Iof the Anabaptist tradition will gather in in other ways as well. A somewhat isolated, 6 A Letter from Paraguay: Asunción, Paraguay from all over the world land-locked country in the middle of the The 2008 Elections to celebrate the 15th global assembly of Southern Cone, the southern triangle of by Alfred Neufeld Mennonite World Conference. The assembly South America, Paraguay contained vast will be hosted jointly by the 8 Paraguayan tracts of sparsely populated lands in its 9 Hopes and Plans for the MWC member churches. In anticipation northwest Chaco area. The Chaco region, 2009 Mennonite World of that event, this issue of Peace Office shared with Bolivia and Argentina, is Conference Assembly 15 Newsletter offers some beginning glimpses famous for its climatic extremes. The coun - by Carmen Epp into the people and issues of Paraguay. try had long since merged Spanish-speaking and Guarani-speaking cultures. Today Span - 11 Ernst Bergen, Jumping into Almost anywhere in Paraguay at nearly any ish and Guarani, the language of the domi - Empty Space time of day one can find Paraguayans clus - nant indigenous group, are both official reviewed by Alain Epp Weaver tered in little groups drinking tereré, a cold languages. Moving to Paraguay seemed a tea, sipped from a metal straw stuck into win/win situation.
    [Show full text]
  • Media, Actors of References and Power in Paraguay”
    Revista Latina de Comunicación Social # 069 – Pages 229 to 247 Funded research | DOI: 10.4185/RLCS-2014-1010en | ISSN 1138-5820 | Year 2014 How to cite this article in bibliograhies / References R Juste de Ancos, L Soler, M Ortí Mata (2014): “Media, actors of references and power in Paraguay”. Revista Latina de Comunicación Social, 69, pp. 229 to 247. http://www.revistalatinacs.org/069/paper/ 1010_Quito/13jen.html DOI: 10.4185/RLCS-2014-1010en Media, actors of references and power in Paraguay R Juste de Ancos [CV] [ ORCID] [ GS] Universidad Andina Simón Bolívar / Simón Bolívar Andean University, Quito, Ecuador - [email protected] L Soler [CV] [ ORCID] [ GS] Universidad de Buenos Aires (UBA) / University of Buenos Aires and Conicet - [email protected] M Ortí Mata [CV] [ ORCID] [ GS] Universidad Complutense de Madrid (UCM) / Complutense University of Madrid - [email protected] Abstract [EN] Introduction. This research study aims to empirically address the political dynamics reflected on Paraguay’s print press during the 2013 elections campaign. Method. This empirical study is based on the social network analysis of the name references included in a sample of news articles. Results. The results of the study include several graphical representations of the coverage of political actors during the 2013 elections campaign, which was strongly conditioned by the previous impeachment and removal of former President Fernando Lugo. Conclusions. This study of name references confirms the continuity of the traditional parties in Paraguay as institutions with political and media power, and the secondary and peripheral role of the actors that emerged in the political landscape when Fernando Lugo won the presidency of Paraguay.
    [Show full text]
  • The European Union's Policy Towards Mercosur
    towards Mercosur towards policy Union’s The European EPRU The European Union’s policy towards Mercosur European Series Policy This book provides a distinctive and empirically rich account of the European Research Union’s (EU’s) relationship with the Common Market of the South (Mercosur). It seeks to examine the motivations that determine the EU’s policy towards Unit Mercosur, the most important relationship the EU has with another regional Series economic integration organization. In order to investigate these motivations (or lack thereof), this study The European examines the contribution of the main policy- and decision-makers, the European Commission and the Council of Ministers, as well as the different contributions of the two institutions. It analyses the development of EU policy towards Mercosur in relation to three key stages: non-institutionalized Union’s policy relations (1986–1990), official relations (1991–1995), and the negotiations for an association agreement (1996–2004 and 2010–present). Arana argues that the dominant explanations in the literature fail to towards adequately explain the EU’s policy – in particular, these accounts tend to infer the EU’s motives from its activity. Drawing on extensive primary documents, the book argues that the major developments in the relationship were initiated by Mercosur and supported mainly by Spain. Rather than Mercosur the EU pursuing a strategy, as implied by most of the existing literature, the EU was largely responsive, which explains why the relationship is much less developed than the EU’s relations with other parts of the world. The European Union’s policy towards Mercosur will benefit academics and Responsive not strategic postgraduate students of European Union Foreign Affairs, inter-regionalism Gomez Arana and Latin American regionalism.
    [Show full text]
  • Paraguay (From Wikipedia)
    Paraguay (from Wikipedia) Paraguay (/ˈpærəɡwaɪ/; Spanish pronunciation: [paɾaˈɣwaj]; Guarani: Paraguái, [paɾaˈɰwaj]), officially the Republic of Paraguay (Spanish: República del Paraguay; Guarani: Tetã Paraguái), is a landlocked country in central South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de Sudamérica ("Heart of South America").[9] Paraguay is one of the two landlocked countries (the other is Bolivia) outside Afro-Eurasia, and is the smallest[10] landlocked country in the Americas. The indigenous Guaraní had been living in eastern Paraguay for at least a millennium before the Spanish arrived in the 16th century. Western Paraguay, the Gran Chaco, was inhabited by nomads of whom the Guaycuru peoples were the most prominent. In the 17th century, Jesuit missions introduced Christianity and Spanish culture to the region. Paraguay was a peripheral colony of the Spanish Empire, with few urban centers and settlers. Following independence from Spain in 1811, Paraguay was ruled by a series of dictators who generally implemented isolationist and protectionist policies. Following the disastrous Paraguayan War (1864–1870), the country lost 60 to 70 percent of its population through war and disease, and about 140,000 square kilometers (54,000 sq mi), one quarter of its territory, to Argentina and Brazil. Through the 20th century, Paraguay continued to endure a succession of authoritarian governments, culminating in the regime of Alfredo Stroessner, who led South America's longest- lived military dictatorship from 1954 to 1989.
    [Show full text]
  • Electoral Observation in Paraguay
    Electoral Observations in the Americas Series, No. 29 Electoral Observation in Paraguay Vice Presidential Election August 13, 2000 Secretary General César Gaviria Assistant Secretary General Luigi R. Einaudi Executive Coordinator, Unit for the Promotion of Democracy Elizabeth M. Spehar Electoral observation in Paraguay : vice presidential election August 13, 2000 / Unit for the Promotion of Democracy. p. ; cm. (Electoral Observations in the Americas series, no. 29) ISBN 0-8270-4440-2 1. Elections--Paraguay. 2. Election monitoring--Paraguay. I. Organization of American States. Unit for the Promotion of Democracy. II. Series. III. Series: Observaciones electorales, Serie Américas, no. 29. JL3292 .O27 2000 (E) OEA/Ser.D/XX SG/UPD/II.29 This publication is part of a series of UPD publications of the General Secretariat of the Organization of American States. The ideas, thoughts, and opinions expressed are not necessarily those of the OAS or its member states. The opinions expressed are the responsibility of the authors. OEA/Ser.D/XX SG/UPD/II.29 13 December 2000 Original: Spanish Electoral Observation in Paraguay Vice Presidential Election August 13, 2000 General Secretariat Organization of American States Washington, D.C. 20006 2002 This report was produced under the technical supervision of Dr. José Luis Chea, Chief of the Mission, and with the assistance of Diego Paz Bustamante, Deputy Chief of the Mission, and Specialist of the Unit for the Promotion of Democracy (UPD). Design and composition of this publication was done by the Information and Dialogue Section of the UPD, headed by Caroline Murfitt-Eller. Kathryn Stafford helped with the editorial review of this report and, Carolina Maoga and Esther Rodriguez with its production.
    [Show full text]
  • Current and Former Presidents Seek New Terms in Paraguay Andrã©S Gaudãn
    University of New Mexico UNM Digital Repository NotiSur Latin America Digital Beat (LADB) 3-31-2017 Current and Former Presidents Seek New Terms in Paraguay Andrés GaudÃn Follow this and additional works at: https://digitalrepository.unm.edu/notisur Recommended Citation GaudÃn, Andrés. "Current and Former Presidents Seek New Terms in Paraguay." (2017). https://digitalrepository.unm.edu/ notisur/14505 This Article is brought to you for free and open access by the Latin America Digital Beat (LADB) at UNM Digital Repository. It has been accepted for inclusion in NotiSur by an authorized administrator of UNM Digital Repository. For more information, please contact [email protected]. LADB Article Id: 80253 ISSN: 1060-4189 Current and Former Presidents Seek New Terms in Paraguay by Andrés Gaudín Category/Department: Paraguay Published: 2017-03-31 Paraguay’s last two constitutional presidents––Nicanor Duarte Frutos (2003-2008) and Fernando Lugo (2008-2012)––and the current head of state, Horacio Cartes, are pushing the country’s institutional structure to a dangerous limit: Without any agreement from political structures or the judicial branch, the elections set for April 22, 2018, paradoxically could constitute a new assault on democracy. This fear has been expressed by political analysts from all Paraguayan media outlets except those that belong to Grupo Cartes (NotiSur, Dec. 11, 2015, and March 3, 2017). Article 229 of the Paraguayan Constitution is vague regarding the reelection of a president, and its language can be interpreted in different ways, depending on one’s interests. Would-be candidates are campaigning while analysts debate whether the issue of presidential re-election should be addressed with a constitutional amendment, by calling for a constitutional assembly to reform Article 229, or by allowing the Supreme Court to have the final word on what the wording of the article actually means.
    [Show full text]
  • Legislative Behavior, Mass Media, and Foreign Policy Making: the Case of Paraguay
    Feliú Ribeiro, Pedro, Camilo López Burian, and Francisco Urdinez. 2021. Legislative Behavior, Mass Media, and Foreign Policy Making: The Case of Paraguay. Latin American Research Review 56(2), pp. 334–352. DOI: https://doi.org/10.25222/larr.592 POLITICS AND INTERNATIONAL RELATIONS Legislative Behavior, Mass Media, and Foreign Policy Making: The Case of Paraguay Pedro Feliú Ribeiro1, Camilo López Burian2 and Francisco Urdinez3 1 Universidade de São Paulo, BR 2 Universidad de la República, UY 3 Pontificia Universidad Católica de Chile, CL Corresponding author: Pedro Feliú Ribeiro ([email protected]) Does national media news coverage affect the behavior of legislators when deciding foreign policy matters? This article aims to disentangle the relationship between the media and legislative behavior in foreign policy, using Paraguay as a case study. We analyze the level of public debate on international affairs, measured by the frequency of news in the newspaperABC Color in the six months before the roll-call votes on the Chamber of Deputies of Paraguay. The literature on Latin American studies finds a lack of parliamentary interest in foreign affairs due to low voter attention to this subject, and therefore a low impact on reelections. We find the relationship between parliamentary polarization and public interest in a bill to be mediated by mass media. After estimating a Tobit model, we observe a significant and positive relationship between the news coverage a law receives and the degree of polarization among parliamentarians. Thus, our empirical evidence contradicts the idea that there is a lack of electoral interest in foreign policy. We confirm this finding through qualitative data gathered from in-depth interviews.
    [Show full text]
  • Law As the Handmaid of Politics: the Case of Paraguay by Mario Ramos-Reyes, Ph.D
    Law As The Handmaid of Politics: The Case of Paraguay by Mario Ramos-Reyes, Ph.D. Abstract What is the role of law in Latin America? And, what is the role of culture? The recent history of the Republic of Paraguay serves as a useful case study to address these questions. The historical facts are beyond dispute. Paraguay has had three different Constitutions over the past seventy years but one fundamental question remains unresolved. To what extent is a paternalistic-nationalistic form of executive power, ranging from the “inorganic” (Rousseaunian) character to the heavy influence of the “caudillista” style influence the legal system? Professor Ramos-Reyes, an expert in Latin American politics, explores how political needs and cultural aspirations have influenced the shape of the diverse legal forms of the executive power, mainly but not exclusively on the Paraguayan experience since the 1930s. What were the ideas behind the periodic changes of constitutions? Does it follow then that constitutions may be changed for the sake of political expediency to support and legitimize non-democratic values? The current realities of Paraguay in particular and Latin America in general, seem to support the author’s thesis. “What confuses the spirit even more is the use that [people] make of these words: democracy, democratic institutions, democratic government. If we do not define them clearly, and understand these definitions, we will live in a confusion of inextricable ideas, benefiting all demagogues and despots.” Alexis de Tocqueville1 A. Introduction: Problems and Questions On the eve of November 3, 2005, hundreds of supporters of General Alfredo Stroessner, former president of Paraguay, gathered in a central location in the capital Asunción, to celebrate the ninety-third birthday of the dictator exiled to Brazil since his overthrow in 1989.
    [Show full text]
  • The Afro-Paraguayan Community of Cambacuá Introduction Being Black in Paraguay
    Micro Study Minority Rights Development& The Afro-Paraguayan Community of Cambacuá Introduction Being black in Paraguay ambacuá is an Afro-Paraguayan community of 300 o be black in Paraguay is to be almost invisible to the rest families (c. 2,000 individuals) located some 15 km to the Tof society. Most Paraguayans are unaware of the existence Ceast of the Paraguayan capital Asunción in the of a black community in Paraguay and assume that any black municipality of Fernando de la Mora. Just over 30 years ago people are Brazilian. Nevertheless, Afro-Paraguayans, despite the community was violently dispossessed of over 90 per cent their lack of numbers and the daily racism to which they are of its land by the Paraguayan state. Since then, in the face of subjected, maintain a distinct identity characterized by a human rights abuses, immense poverty and racial vibrant and continually evolving culture. Since Afro- discrimination, the community has been immersed in a struggle Paraguayans are not included as a separate category within the both to retain its identity and to have its traditional land national census their exact numbers are unknown; however, restored. This is the story of that struggle. along with the indigenous population – who comprise 2 per cent of the population – they are among the most impoverished groups in the country. While the Paraguayan Constitution recognizes the existence of indigenous people – and guarantees them the right to land and the freedom to practise their distinct cultures – Afro-Paraguayans as a separate category are absent from any national legislation, as if it were assumed that black culture either has disappeared, or should do so.
    [Show full text]
  • Dispute Between Bolivia and Paraguay
    LEAGUE OF NATIONS DISPUTE BETWEEN BOLIVIA AND PARAGUAY REPORT OF THE CHACO COMMISSION Geneva, 1934 Publications of the League of Nations DISPUTE BETWEEN BOLIVIA AND PARAGUAY Documentation concerning the Dispute betw een Bolivia and Paraguay. (Ser. L.o.N. P. 1928.VII.1) gd. $0.20 Comprises a complete dossier of the measures taken by the Council during its Lugano Session, and on the close of the session by the President on behalf of the Council, to end the dispute and to get a peaceful mode of settlement accepted, in conformity with the Covenant. The Council's action ceased as soon as Bolivia declared that, " in accordance with the Council’s suggestions ”, she accepted, like Paraguay, the good offices of the Pan-American Arbitration Council. The two Governments had previously accepted the Council’s suggestions in regard to restricting their military measures to purely defensive ones. Documents concerning the Dispute between Bolivia and Paraguay. (Ser. L.o.N. P. 1929.VII.1).................................................................................. 6d. $0.10 Correspondence relating to the Dispute betw een Bolivia and Paraguay. (Ser. L.o.N. P. 1930.VII.1) 6d. $0.15 Issues of the OFFICIAL JOURNAL dealing with the Dispute between Bolivia and Paraguay. Price: Official Journal, 13th Year, No. 1, January 1932.........................................10/- $2.50 — — No. 9, September 1932....................................... 1/6 $0.40 — — No. 11, November 1 9 3 2 ...................................... 6/- $1.50 — — No. 12, December 1932 (Part II)........................12/- $3.00 — 14th Year, No. 2, February 1 9 3 3 ...................................... 8/- $2.00 — — No. 4, April 1933 (Part I I ) .............................. 2/- $0.50 — — No.
    [Show full text]
  • The National Library of Paraguay
    NATIONAL REPORT PARAGUAY SEMINAR-WORKSHOP ACCESS TO INFORMATION IN LATIN -AMERICA Responsible: Cipriano Ayala Gonzalez Technical Officer of the National Library 1999 BUENOS AIRES - ARGENTINA THE NATIONAL LIBRARY OF PARAGUAY I. HISTORICAL BACKGROUND Senators Bernardino Caballero, José Segundo Decoud and Rosendo Carisimo put forward a bill, which entered the Senate on August 1st. 1887. Some weeks later both the Senate and the House enacted the act by which the National Library and Museum in the city of Asunción was created. The same act established that the Executive create a commission of at least five members in charge of the development and oversight of said Library and Museum, and of the budget assigned for that purpose. The act also established that Congress provide the funds needed for the upkeep of the National Library and Museum. On the 21st. September 1887, the President of Paraguay, General Patricio Escobar, enforced the act which set up these important cultural facilities. The President also established the commission, which was formed by the following people: Dr. Benjamin Aceval, Ramon Zubizarreta, and .Jose N. González, Ricardo Brugada and Alejandro Audibert. During the first years of the National Library and Museum, the vice-president, who was Chairman of the Asunción Town Hall, requested the government that the public library and the museum staff, in charge of this body, be sufficient to set up their collections of printed matter and the collections of the adjoining Museum. In accordance with the Town Hall’s request, the president of the Republic, Juan G. González, adopted a decree establishing that the commission of the National Library and Museum take charge, drawing up an inventor of the books, goods and funds belonging to the Library and adjoining Museum.
    [Show full text]