Paraguay, Aug. 8 -- The World Bank Group (WBG) Board of Directors approved today US$150 million in financing for the Republic of Paraguay to support efforts to improve the business environment, increase private investment, and foster job creation in the country.The World Bank's Development Policy Loan (DPL) is organized around two key pillars. Pillar 1 focuses on improving the business environment by implementing reforms to lower barriers to firm entry and growth. Pillar 2 aims to increase private investment by promoting the development of public-private partnerships, which are essential for supporting long-term development. This financing will support critical reforms aimed at helping micro, small, and medium-sized enterprises overcome key...