AGP Executive Report
Last update: 4 hours agoDepositor Relief: Paraguay’s Central Bank says 93% of eligible Ueno Bank depositors have received partial reimbursements. Payments reached nearly 1.7 million people and totaled about $340 million, but the bank’s collapse still leaves questions over uncovered deposits and public funds. Pension Risks: Public-school teachers struck and protested, demanding guarantees for pension money held at Ueno and full recovery of affected funds. The disruption also suspended school meal services in parts of the country. Ueno Probe: Prosecutors have asked the United States, Luxembourg and Argentina to help trace assets abroad, including cryptocurrency, as they investigate the bank’s collapse. Searches of properties linked to former president Santiago Peña and former central bank chief Carlos Carvallo have yielded documents and digital devices; 27 people are reportedly charged. Regulatory Reset: Congress approved economist Jorge Schreiner as central bank chief, as President Pedro Alliana moves to restore confidence after the crisis toppled Peña and shook trust in Paraguay’s financial oversight.
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