AGP Executive Report
Last update: 8 hours agoBank Fallout: Paraguay’s central bank says 1.81 million eligible Ueno Bank depositors have received at least a partial refund, but much of the bank’s money remains unrecovered. The collapse froze accounts for nearly 3 million customers and exposed public pension funds to losses. Peña Probe: Prosecutors say ousted president Santiago Peña could face up to 15 years in prison over alleged breach of trust and self-serving administration linked to his Ueno shareholding. They say they lack sufficient grounds so far to charge him with criminal association and are seeking to trace assets abroad. Political and Financial Risks: Fitch put Paraguay’s BB+ rating on negative watch, citing risks to public finances, growth and policy continuity. President Pedro Alliana has named Jorge Luis Schreiner to lead the central bank as his government reshapes key institutions.
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