MIAMI, July 14, 2015 /PRNewswire/ -- Latin Trade Group, the leading provider of information and business services to companies operating in Latin America, announced today that the president of Paraguay, Horacio Cartes Jara, will be presented with the Innovative Leader of the Year Award at the 21st annual BRAVO Business Awards, on October 29 in Miami.
With this award, the editorial judges wish to acknowledge Paraguay's progress towards implementing the reforms approved in 2013, which include new income tax rulings, a fiscal responsibility law, a revision of the sovereign bond law, and a Public-Private Partnership structure designed to generate infrastructure investment. These reforms will contribute to develop and consolidate a balanced economic growth path for the country.
The Innovative Leader of the Year Award recognizes actions that take Latin American countries to a higher stage of development using new strategies or creative approaches to promote growth. Latin Trade's judges were particularly impressed by the fact that government-led and private sector initiatives are improving economic diversification by promoting growth of light manufacturing industries and raising the value-added content of agricultural exports. It is a sound and timely strategy to best utilize Paraguay's competitive advantages, which include low labor and energy costs, and a more favorable tax environment. The judges also praised the improvements in governance and institutional strengthening measures advanced by the Cartes administration, which have also been noticed by investors, credit rating agencies and the business community alike.
"Paraguay's economic growth will likely outperform that of the majority of Latin American and Caribbean countries in the next five years. That is not a matter of chance but of creative and orderly economic management, a task that president Cartes has devoted his time and energy to achieve. We are thrilled to honor his efforts," Rosemary Winters, CEO of the Latin Trade Group said. "Innovation, the theme of the award, and of the 2015 Latin Trade Symposium that we will hold in Miami prior to the BRAVO Business Awards ceremony, is one of the key components of success in the region. It is perhaps, along with inclusion, the most powerful element in the making of a better future for millions of Latin Americans," she added.
Latin Trade announced in June the first group of corporate winners of the 2015 BRAVO Business Awards, who will also be honored at the gala awards ceremony on October 29, including:
Thilo Mannhardt, CEO of Ultrapar, CEO of the Year
Alberto Bailleres Gonzalez, President of Grupo Bal, Transformational CEO of the Year
Juan Domingo Beckman, CEO of Jose Cuervo, Innovative CEO of the Year
Jose Alberto Velez, CEO of Grupo Argos, Investor of the Year
Eduardo Belmont, CEO of Belcorp, Social Sustainability CEO of the Year
Rodrigo Galindo, CEO of Kroton Educacional, Dynamic CEO of the Year
Sponsors of the 21st BRAVO Business Awards and Latin Trade Symposium include: Avianca, HSBC, AES, Bank of America Merrill Lynch, The Boston Consulting Group, CAF – Development Bank of Latin America, and Celistics. Partners include: Ashoka, CNN en Espanol, Financial Times, Newlink Group, Onstream Media, and PR Newswire.
For more information, please visit bravo.latintrade.com
Latin Trade Group is a leading provider of information and business services to companies operating in Latin America. It publishes award-winning content in Spanish and English for distribution throughout Latin America, the Caribbean and the United States through print, online media and events. Latin Trade Group publishes Latin Trade magazine, Latintrade.com, and is the organizer of the Latin Trade Symposium and BRAVO Business Awards, the LT CFO Series for financial executives of multinational corporations, and Sino-Americas, the new conference series designed to build bridges between China and Latin America.
+1 305 532-7950 Ext.271
SOURCE Latin Trade Group