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THE AMERICAS

THE AMERICAS REGIONAL CENTER

Primary Article

How Paraguay’s Ueno collapse is only its latest banking crisis

President Santiago Pena is under fire over links to parent company of collapsed bank.

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Supplemental Article

Ousted Paraguayan president placed under house arrest after bank collapse

Ousted Paraguayan President Santiago Peña was placed under house arrest Friday on suspicion of breach of trust and influence peddling, among other charges.

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Supplemental Article

Paraguay Congress begins session to debate President Peña's impeachment

Paraguay's Congress on Thursday began the ​process of seeking President Santiago Peña's ‌removal, following the collapse of digital lender ueno that has led to protests and calls for ​his resignation.

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Discussion Questions | 11.10

1.

3.

Why did the Senate impeach Peña instead of just accepting his resignation?

Does Paraguay's long history of bank failures demonstrate a recurring structural failure to enforce independent banking regulation?

2.

4.

Did the Colorado Party impeach Peña to make him a scapegoat and protect the party?

How significant is the damage of this major domestic banking failure on foreign direct investment in Paraguay?

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Lara Kavalauskas

Regional Director, THE AMERICAS
lkavalauskas@wisc.edu
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