Paraguay, officially the Republic of Paraguay (Spanish: República del Paraguay, Guaraní: Tetã Paraguái), is one of the two landlocked countries which lie entirely within the Western Hemisphere, the other being Bolivia, both in South America. It lies on both banks of the Paraguay River and is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Because of its central location in South America, the country is sometimes referred to as Corazón de América — Heart of America. About 18 % of the population live off less than US$2 a day. As of 2013 the economy was rapidly growing due to exports of corn and soybeans; however, broad swathes of the population continued to live in poverty. 77% of the arable land is owned by 1% of the populations. The farms which produce commodities for export are mechanized and offer little employment.
Paraguayan People’s Army
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