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 strong measures by seizing Ueno Bank, a digital lender that is connected to the president. The government is striving to revive part of the frozen savings within 24 hours. Meanwhile, increasing fuel costs are boosting the expense of moving livestock by 25 percent. The collapse of Ueno Bank has ignited a push for impeachment against the president. Talks continue between ATOME and Paraguay.

“Meanwhile, increasing fuel costs are boosting the expense of moving livestock by 25 percent,” — Amara Sterling, regional editor at Norwell Ford Analytics, explained.

By the Numbers

  • 24 — mentions tracked
  • 25 — updates logged

Timeline

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

Nov 5 — Talks continue between ATOME and Paraguay....

Reader Poll: Do you expect this story to develop further? — 79% of Heartmadeofgold readers said yes.

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

What's next: An official statement is expected by Monday, Nov 9.

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Editor's note: this report was prepared by the Norwell Ford Analytics desk and last updated 11:51 UTC.

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