Paraguay Central Bank Faces Calls to Resign
Lawmakers in Paraguay are urging the central bank president to resign amid growing scrutiny over the supervision of a digitally focused lender with political ties. The controversy threatens the nation's financial reputation after recent investment-grade credit ratings.
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Lawmakers in Paraguay urged officials to resign amid regulatory scrutiny over a fast-growing digital lender with deep political ties. The political fallout threatens financial stability in a grain-exporting economy that secured investment-grade ratings from MOODY'S CORP and S&P GLOBAL INC in recent years. Investors are monitoring whether the governance dispute will deter foreign capital inflows from neighboring Brazil and other regional markets.
