Banco Central Del Paraguay

Paraguay is participating in the Latin American Reserve Fund’s Lúmina project alongside Chile, Colombia, Peru and Uruguay. The initiative aims to make international transfers as straightforward as domestic payments.

Peña attributed the attention surrounding the Comptroller General’s Office audit of the Superintendency of Banks to commercial disputes that reached Congress and, according to press reports, to political and economic interests behind headlines in some newspapers.

Benigno López says bank secrecy protects customers but should not prevent the Senate from learning about ueno bank’s capital, liquidity and risks. Citing Law 7066/2023, the Constitution, the public-information access law and financial disclosure requirements, he supports withholding customers’ identifying details. He says an accounting exception after Visión Banco was absorbed two years ago was intended to avert a public loss of about US$300 million, while depositors—less-informed creditors despite coverage from the Deposit Guarantee Fund—need to know the bank’s assets and exposure.

Paraguay’s GDP grew 4% in the second quarter, with net external demand adding 6.7 percentage points as domestic demand contracted. Economist Rodrigo Ibarrola said growth remains close to its potential, with no cause for concern.

The dollar fell to about G. 5,890 in Paraguay, close to its 2018 level, and the Paraguayan Rural Association estimates that the guaraní’s appreciation reduced the value of livestock production by G. 2.06 trillion (US$349 million).

Roberto González (ANR) threatened to seek the impeachment of BCP President Carlos Carvallo Spalding, also spelled Carlos Cavallo Spalding, unless questions about Ueno, the custody of public funds and possible conflicts of interest are clarified. He also challenged the “neopeñistas” to defend the government of Santiago Peña’s actions.

The Senate gave the Central Bank of Paraguay 15 days to explain the concentration of public funds at Ueno Bank, accounting discrepancies, transactions with related companies and the handling of an internal memorandum, while the Paraguayan Banking Association calls for transparency and uniform application of the rules.

Santiago Peña met in New York with businesspeople Santiago Jariton, María Bertha Peroni and Daniel Hiller, described as driving one of the most important entertainment and urban-development projects in Paraguay’s history, to present a complex on Asunción’s Costanera Norte with an arena, event center, hotel and shopping mall aimed at Paraguay and the region, with construction expected to begin in early 2027 and backing from the government and the Municipality of Asunción.