The Central Bank of Paraguay has executed its seventh rate cut since August, aiming to boost economic momentum while keeping inflation in check. This Monday, the rate was adjusted down to 6.25% from 6.5%, continuing the trend from a peak rate of 8.5%. This series of cuts responds to an economic landscape transformed by the […]
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Ex-Paraguay Speaker Gets 5 Years for Illegal Wealth
Miguel Cuevas, former House Speaker in Paraguay, was sentenced to five years in jail on Friday for unlawful enrichment. Cuevas is a member of the ruling Colorado Party. The court also banned him from any public roles for five years. He must give up assets worth about $276,000. Though he faced a 10-year jail request, […]