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IPS Director Admits Ueno Bank Exceeds Legal Limit for Pension Funds

The director of Paraguay's social security institute, the IPS, admitted that Ueno Bank exceeds the legal limit for the concentration of pension funds, which an opposition senator called "ridiculous" while calling for an investigation. Meanwhile, President Santiago Peña denied any violation and criticized the public disclosure of the case.

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IPS proposes private godparent sponsorship to improve shelters for patients' families

The IPS Board of Directors unanimously approved a private godparent sponsorship proposal presented by board member Mirtha Arias to improve the conditions, considered precarious and inhumane, of shelters for relatives of hospitalized patients. A pilot plan will be implemented after discussions with pharmaceutical chambers and the institution's suppliers.

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Former IPS Legal Director Receives Gs 412.5 Million in Personal Account from Settlement with Consorcio Hotelero

The former legal director of IPS, José González Maldonado, received Gs 412.5 million (Paraguayan guaraníes) in his personal account as legal fees from an out-of-court settlement of Gs 7.5 billion with Consorcio Hotelero Sudamericano, in a case under investigation for possible illicit enrichment and breach of trust.

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Attorney General Emiliano Rolón reaches agreement with IPS on payment of G₲ 10 billion debt for rentals in Asunción

The Attorney General, Emiliano Rolón, met with the president of the IPS, Isaías Fretes, to discuss the payment of a debt of approximately G₲ 10 billion related to the rent of properties occupied by the Public Prosecutor's Office in Asunción, with a commitment to settle the amount in monthly installments. This debt is part of a larger total exceeding G₲ 19 billion, which has significant implications for Paraguay's social security finances and raises concerns about governance and transparency at IPS.

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