Brazil–Paraguay relations

Brazil–Paraguay relations are foreign relations between Brazil and Paraguay.

Brazil–Paraguay relations have improved greatly after Brazilian President Lula's decision in 2009 to triple its payments to Paraguay for energy from a massive hydro-electric dam on their border, ending a long-running dispute. Under the accord, Brazil will pay Paraguay $360m a year for energy from the jointly-operated Itaipu plant. Brazilian President Luiz Inacio Lula da Silva called it a "historic agreement" and the deal slated as a political victory for Paraguayan President Fernando Lugo.^[1]

References

1. ^ http://news.bbc.co.uk/2/hi/americas/8169084.stm