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Itaipú Wind-Down and Business Pressure: Peña Faces Twin Challenges as 2026 Deadline Looms

As the 2024 Lula-Peña Itaipú agreement expires on December 31, 2026, Paraguay faces uncertain electricity revenues and unfulfilled transparency promises. Meanwhile, the business sector, through FEPRINCO, offers conditional support to President Peña, demanding structural reforms and criticizing state inefficiency, creating a complex political and economic landscape.

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