After announcing last week that he would resign, Paraguayan Vice President Hugo Velazquez conveyed to reporters Thursday his decision to remain in office until proof against him is submitted.
Two Paraguayan officials murdered in as many weeks: an anti-drug prosecutor executed while on honeymoon in Colombia and a mayor gunned down outside his office.
The murders of two Paraguayan officials in as many weeks have sent a disturbing signal that parts of the South American country are falling under the influence and bullets of organised crime and drug traffickers.
(Bloomberg) Paraguay could replace a significant portion of this year’s $130 million domestic bond program with more multilateral loans or global bonds to avoid paying high local interest rates.
Paraguay has moved into “winter time” Sunday on the advice of the National Electricity Administration, which seeks to curb consumption. It has thus become the only Mercosur country living under a GMT (or UTC) -4 time zone, while Argentina, Uruguay, and Brazil are GMT -3.