BOGOTA, Colombia

Paraguay is cutting wages and other benefits in the public sector for at least three months as part of measures to mitigate the impact from the novel coronavirus, Finance Minister Benigno Lopez and Vice President Hugo Velazquez said Monday at a press conference.    

The government will cap monthly public sector wages at 37 million Paraguayan Guarani (around US$5,700), which matches the amount of the president’s salary. It is also implementing wage cuts of 10% and 20% for public employees whose salaries exceed five and 10 times the minimum wage, all of which will save a total of

Read more: Paraguay to cut public sector wages over COVID-19