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Can Paraguay's Colorado Party survive the Ueno Bank crisis?

Business · en

Can Paraguay's Colorado Party survive the Ueno Bank crisis?

GZERO Media · Nov 11, 2026, 8:10 PM UTC

Three years ago, former IMF economist and banker Santiago Peña was elected President of Paraguay by more than a 15-point margin of victory. His win continued a run of dominance by the conservative Colorado Party that has seen it occupy the presidency for 73 of the past 78 years, navigating Paraguay through its dictatorship under Alfredo Stroessner,…