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Paraguay’s Peña Meets Tech Magnate Peter Thiel; Chief of Staff Defends Engagement Despite Democracy Skepticism

President Santiago Peña hosted controversial Silicon Valley billionaire Peter Thiel and Crusoe AI president Cully Cavness at Mburuvicha Róga. Chief of Staff Javier Giménez said the government welcomes investors regardless of personal views, while Thiel has previously questioned democracy. The meetings focus on AI, energy, and fintech investment opportunities in Paraguay.

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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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