Minister of Finance Dionisio Borda of Paraguay

economic growth spurt last year, after his ouster.

Until now, Borda said that it is a personal opinion that is based on the fact that the country is going through a phase of macroeconomic balance that must be maintained, and that "the institutional reform that needs to be done does not fall within the area of IMF’s concerns.

The promise made by the government to the IMF to reform public companies comes from the same era in which Borda took over as minister in 2003, however, so far is one of the many outstanding matters.

Borda says the country also has $40 million to help the more than 100,000.

than 100,000 families living in extreme poverty in Paraguay.

Borda has emerged once again as the central figure of the team named by newly inaugurated President Fernando Lugo to execute his expressed goals of public-sector reform, equitable growth, and environmental sustainability.

to academic debates on the democratization of Paraguay.

Borda says the country also has $40 million to help th.

But Borda says realistically it will be closer to 3.

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Borda says the country also has $40.

Economy Minister Dionisio Borda says the Latin American nation will spend some $800 million on.

Economy Minister Dionisio Borda says the Latin American nation will spend.

Economy Minister Dionisio Borda says the Latin American nation will spend some $800 million on infrastructure and other.

Borda says the country also has $40 million to help the more.

Through a three-pronged attack, Borda said the gross domestic product began growing from 0 percent to 4 percent.

As a Fulbright Scholar in Residence, Borda has spent the semester lecturing, but a larger role of the scholars is to open doors to the world for students.

As he puts together a proposal, Borda said he has received help from others in the economics department.

Dionisio Borda was previously economy minister for three years beginning in 2003 until he was forced out, apparently the casualty of a power struggle within current President Nicanor Duarte's ruling Colorado Party.

Lugo's vice-president-in-waiting, Federico Franco, said Borda had accepted a formal offer to fill the position after the new administration takes power Aug 15.

Franco said Borda was largely responsible for a 6 percent economic growth spurt last year, after his ouster.

Borda is not allied with the Colorado Party, which ruled Paraguay for 61 years before losing the presidency to Lugo in April 20 elections.

Economy Minister Dionisio Borda says the Latin American nation will spend some $800 million on infrastructure and other government projects in 2009.

Borda says the country also has $40 million to help the more than 100,000 families living in extreme poverty in Paraguay.

But Borda says realistically it will be closer to 3 percent.