Global stories. Digital first.
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Pedro Aleana presided over Friday following the removal of his predecessor, Santiago Peña, from office on the backdrop of a massive banking crisis that had deprived some half of the country ' s population of access to their funds.
Paraguay is experiencing a banking crisis that has raised the concerns of depositors and markets, following the failure of one of the country ' s most prominent digital banks and the opening of governance, conflict of interest and financial management investigations. While the authorities are speeding up actions to contain spillovers and restore confidence in the banking sector, comparisons emerge with banking crises experienced by other States, primarily Lebanon. Is accounting and reforms sufficient to prevent a widening crisis? How serious are their implications for the economy and depositors? To answer these questions, she joins us from Beirut, a journalist specializing in the economic field, Paula Attiya.
