Asunción bondholders will decide on September 16 whether to seek legal action if the municipality does not prove that it paid the G. 41.101 billion promised for the previous day, while accumulated debt and unfinished drainage works expose the administration’s financial crisis.
Carlos Pereira
Pytagua coverage mentioning Carlos Pereira.
Paraguay's Social Security Institute seeks to recover $711 million from private companies and proposes a trust as a solution, while facing budget pressure in healthcare, with most medication funds consumed by oncology drugs.
The president of Paraguay's Social Security Institute (IPS), Isaías Fretes, warns of an irreversible crisis at the institution after 100 days of management, marked by severe financial challenges, medicine shortages, and a "perfect storm" caused by reduced working hours for health professionals.
The IPS (Instituto de Previsión Social, Paraguay's social security institute) and pharmaceutical companies have established a working group to combat the severe medication shortage crisis that is forcing beneficiaries to pay for treatments out of their own pockets.
Paraguayan police seized gun parts shipped from Miami and declared as electronics at the Luque airport, with suspicion that the final destination was Brazil for criminal factions.
Asunción is facing a fiscal crisis following the diversion of more than G. 500 billion from the G8 bond, originally intended for stormwater drainage works, during the administration of former mayor Óscar "Nenecho" Rodríguez. Meanwhile, the current administration under Luis Bello is paying contractors with current municipal revenue, while residents endure poor public services, including potholed streets that cause accidents, inconsistent garbage collection, and chaotic traffic.