Asuncion Riverfront Urban Resilience Project

About this project

Paraguay has been characterized by relatively solid economic growth and poverty reduction in recent years, but the COVID-19 pandemic threatens to stall or even reverse this progress. Almost two-thirds of Paraguayans live in cities, and 38% of the total population is concentrated in the Metropolitan Area of Asuncion (AMA), whose rapid growth has not been accompanied by a corresponding capacity to plan and provide services to an increasingly complex and vulnerable urban landscape. The AMA reflects the natural and anthropogenic risks that Paraguay faces today: lack of economic opportunity, poor urban planning, poor housing conditions, poor coverage of public services, lack of public spaces, natural ecosystems threatened by improper land use, increasing exposure to climate-change-related hazards like flooding, and COVID-19. The Government has requested support for a multipurpose, integral program to jumpstart the regeneration of the riverfront of Asuncion. The Project will have four components: (i) Component 1 will finance the construction of resettlement housing, new public spaces, and connections to public services in a specific riverfront area; (ii) Component 2 will support the implementation of three urban subprojects to revitalize public spaces and green areas; (iii) Component 3 will support economic development and participatory strategies for improving the quality of life and livelihoods of vulnerable communities; and (iv) Component 4 will support capacity building for na…

Published by

World Bank · Multilateral

Countries

Paraguay

Sectors

Multi-hazard response preparednessUrban developmentLocal government administrationSocial protection and welfare services policy, planning and administration

Places

Asuncion

Funded by

International Bank for Reconstruction and Development

Implemented by

Ministry of Public Works and Communications (MOPC)

Accountable

Republic of Paraguay

Passes funds through

International Bank for Reconstruction and Development

Published by World Bank to the International Aid Transparency Initiative (IATI), last updated 3 Oct 2026 and imported automatically. IATI identifier: 44000-P175320.

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