The Guairá Falls (Spanish: Saltos del Guairá) or Guaíra Falls (Portuguese: Salto das Sete Quedas do Guaíra) were a series of immense waterfalls on the Paraná River along the border between Paraguay and Brazil. The falls ceased to exist in 1982 when they were inundated by the impoundment of the Itaipu Dam reservoir.
While published figures vary, ranging from 13,000 m3 (470,000 cu ft) per second to 50,000 m3 (1,750,000 cu ft) per second, Guaíra's flow rate was among the greatest of any then-existing falls on Earth. The falls comprised 18 cataracts clustered in seven groups—hence their Portuguese name, Sete Quedas (Seven Falls)—near the Brazilian municipality of Guaíra, Paraná and Salto del Guairá, the easternmost city in Paraguay.