Paraguay: The central bank partially reimburses all clients of Ueno Bank whose collapse caused the president's downfall

The Central Bank of Paraguay has begun reimbursing clients of Ueno Bank, which collapsed due to solvency issues. A total of approximately $643 million has been refunded to 1,812,348 clients, with a guarantee from the state. However, not all clients have received their full deposits, as the guarantee excludes certain funds and operations. The government aims to expedite the reimbursement process amid social unrest following the bank's failure and the subsequent ousting of President Santiago Peña. The reimbursement is part of a broader effort to restore confidence in the financial system and support affected individuals and entities, including public institutions and businesses.