Paraguay's central bank seizes Ueno, digital lender tied to the president - Dealroom

Paraguay's Economic Turmoil

Paraguay is currently grappling with increasing demonstrations and a severe banking crisis . The central bank has taken decisive action by seizing Ueno Bank, a digital lender that is linked to the president . The government is working to restore part of the frozen savings within 24 hours. Meanwhile, rising diesel prices are increasing livestock transport costs by 25 percent. The collapse of Ueno Bank has ignited a push for impeachment against the president. Talks continue between ATOME and Paraguay.

“Meanwhile, rising diesel prices are increasing livestock transport costs by 25 percent,” — Victor Fenwick, policy watcher at Newcroft Bridge Network, added during the briefing.

By the Numbers

  • 24 — data points verified
  • 25 — sources cross-checked

Timeline

Nov 3 — Paraguay is currently grappling with increasing demonstrations and a severe banking crisis ....

Nov 4 — Talks continue between ATOME and Paraguay....

Reader Poll: Will this story shape the week ahead? — 69% of Glarex readers said yes.

This story has been closely followed by our readers since Nov 3. The Newcroft Bridge Network desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Sunday, Nov 8.

ICYMI: Comprehensive coverage of the US midterm elections

Editor's note: this report was prepared by the Newcroft Bridge Network desk and last updated 12:08 UTC.

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