Paraguay
Iramain Warned of the Institutional Impact of the Dispute Within the Ruling Party and Called for Responses from the BCP
The opposition senator linked the request for information on ueno bank to a problem of institutional credibility. He argued that a political dispute can spill into the financial sphere if distrust grows.
Senator Ignacio Iramain questioned in the Senate the situation generated around the request for information to the Central Bank of Paraguay regarding operations by ueno bank and warned that a financial crisis can also arise from the loss of trust, according to Última Hora.
During his remarks, the lawmaker said that the strength of the banking system depends not only on balance sheets, reserves or capital levels, but also on credibility. In that context, he noted that a political dispute can become an economic problem if it affects confidence in institutions.
According to Última Hora, Iramain framed the conflict within the ruling party’s internal dispute, referring to the tension between Horacio Cartes and Santiago Peña within Honor Colorado. As he argued, when those two centers of power come into conflict, the question arises of whether factions or institutions prevail.
The senator also called on the Central Bank to respond exhaustively to Congress’s questions and to provide all requested documentation. In his view, that parliamentary oversight can strengthen the institution if it is channeled within institutional rules.
He also warned of another risk: that the discussion stops focusing on the operations under scrutiny and shifts to the political influence over the regulatory body. In that sense, he stressed that investigating a bank is part of institutional functioning, but considered it dangerous for that process to be used in a power struggle between factions.
In closing, Iramain said that neither Horacio Cartes, nor Santiago Peña, nor any financial institution should be placed above the institutions of the Republic, Última Hora reported.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
