Paraguay's president resigns amid banking crisis
katzenberg
32 points
3 comments
November 05, 2026
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Discussion Highlights (1 comments)
JumpCrisscross
In September 2025 Ueno lent, without collateral, ~$40mm to related parties; in January and February 2026 it lent them a further $60mm via overdrafts [1]. In June, Paraguay's central bank started asking questions. In October, Fitch missed the ball [2]. And last week October, unions asked the state pension to pull their deposits [3]. Note that former President Peña is a Trump ally [4]. (Peña appointed the former Ueno chief to Paraguay's central bank.) [1] https://www.minuto60.com/economia/cronologia-crisis-ueno-ban... [2] https://www.fitchratings.com/research/banks/fitch-revises-ue... [3] https://www.riotimesonline.com/paraguay-unions-urge-pension-... [4] https://www.bloomberg.com/news/features/2026-03-20/paraguay-...