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Digital lending platforms in Latin America charge abusive interest rates and use harassment to collect debts

Digital lending platforms in Latin America charge interest rates that can exceed 60% per year, deduct administrative fees of more than 30% of the disbursed amount, and use digital harassment — including sending messages to family members, friends, and employers — to collect debts, with complaints filed by regulatory authorities in Paraguay, Chile, Colombia, and Mexico, where the practice became known as "montadeudas."

Yacyretá refuses to disclose audits, citing legal constraints

The Yacyretá Binational Entity (EBY) refused to disclose the results of audits conducted by the firms Audicon and Ayca in 2023, as well as internal and external audits, citing legal constraints arising from the special regime governing the entity. Paraguayan lawyer Federico Legal, who requested the information through a public access to information request, described the refusal as arbitrary and stated that those responsible may face penalties under Paraguayan law.

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Paraguay national team steps up 2026 World Cup preparations with arrival of overseas-based players

The Paraguayan national team has stepped up its preparations for the 2026 World Cup at the High-Performance Sports Center (Carde) in Ypané, with the arrival of players based abroad, including Gustavo Gómez, Ramón Sosa, Maurício Magalhães, Gustavo Velázquez, and Roberto Junior Fernández, under the command of head coach Gustavo Alfaro.

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Armed gang carries out planned heist, stealing US$200,000 from Vía Brasil employees in Ciudad del Este

An armed group carried out a planned heist on Tuesday morning, May 26, in Ciudad del Este, stealing approximately $200,000 from employees of the importer Vía Brasil as they were heading to a bank along Route PY02. On the same day, a separate robbery occurred involving employees of Distribuidora Renacer, with four suspects arrested and part of the money recovered.

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Paraguay and Brazil sign border security agreement and pledge to combat corruption and organized crime

Paraguay and Brazil signed a police and border security cooperation agreement and the "2026 Asunción Commitment against Corruption and Organized Crime" during Mercosur ministerial meetings, including joint actions against corruption, money laundering, integration of migration systems, and the creation of the Puerto Murtinho–Carmelo Peralta binational command.

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Minister Óscar Lovera confirms $80 million payment to pharmaceutical suppliers and announces Treasury-backed factoring mechanism with Central Bank of Paraguay

Óscar Lovera, Minister of Economy and Finance, confirmed a payment of US$80 million to pharmaceutical suppliers as part of a plan to reduce a total debt of about US$1 billion. He also announced a new Treasury-backed factoring mechanism with the Central Bank of Paraguay that will allow suppliers to assign receivables to banks and receive immediate liquidity, with payment terms extended up to 36 months.

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Scientists warn President Peña about the proliferation of low-quality doctorates in Paraguay

Paraguayan scientists sent a letter to President Santiago Peña and the National Congress warning about the proliferation of low-quality doctoral programs in Paraguay, highlighting issues such as conflicts of interest within the National Council of Higher Education (Cones), lack of academic rigor, and shortcomings in the evaluation and accreditation of these programs by the National Agency for the Evaluation and Accreditation of Higher Education (Aneaes).

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The construction sector in Paraguay is seeing growth in projects but faces a financial crisis in 2026

The construction sector in Paraguay presents a contradictory scenario in 2026, with growth in the volume of projects driven by investments from the Ministry of Public Works and Communications (MOPC) and the expansion of Route PY01, but it faces persistent financial difficulties, especially among public works companies, according to Gustavo Masi, director of the Paraguayan Road Chamber (CAVIALPA).

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Oñoiru Association opens office in Warsaw to export organic yerba mate to the European Union

The Oñoiru Agroecological Agriculture Association, which brings together more than 150 families of small rural producers from the departments of Itapúa and Caazapá, will open a commercial office in Warsaw, Poland, in June to export 100% organic Paraguayan yerba mate to over 30 European Union countries. This initiative is supported by the National Government through the Ministry of Agriculture and Livestock and the Market Insertion Project, which allocated more than 2.232 million guaraníes to modernize the association's industrial plant.

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