The collapse of digital lender ueno bank led the Senate to remove President Santiago Peña on 6 Nov 2026, and Vice President Pedro Alliana was sworn in. Containing the fallout for public pension funds and passing the 2027 budget are the new government's immediate tasks.
What a Korean company can do now
Government · leader
President Pedro Alliana (succeeded from the vice presidency after the Senate removed President Santiago Peña by impeachment on 6 Nov 2026; term ends 15 Aug 2028)
Key national agenda
- Resolution of ueno bank and recovery of deposits and public funds
- Tackling the IPS social security funding crisis and medicine supply
- Congressional review of the 2027 budget with higher health spending
- Restoring stability and investor confidence after the change of government
- El Niño preparedness and anti-smuggling controls
Government programmes
2027 General Budget bill (PGN 2027)PYG 166.3 trillion (about $26.6bn, estimate)
Submitted to Congress on 7 Sep 2026 and under bicameral review; a record health increase was announced
ueno bank resolutionAbout $800m of public money exposed (single source)
Central Bank opened resolution on 2 Nov 2026; about $800m in public money (half from pension and health funds) was deposited; company assets frozen and 27 people charged
IPS financial recoveryNot confirmed
Formal job growth added about 100,000 contributors but raised medical demand and debt; no date for state repayment to IPS
AFD development financeCumulative $6.182bn
$6.182bn in loans and guarantees over 21 years (announced Aug 2026)
Business opportunities
Financial supervision and bank risk monitoring consulting
🔒 Why-now and buyers — analysis member ₩19,800/mo
Open this week
IPS hospital information and medicine procurement systems
IPS finances and medicine shortages are a major political issue.
IPS
Medical equipment and pharmaceutical supply
🔒 Why-now and buyers — analysis member ₩19,800/mo
Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
ODA · EDCF projects
- KOICA Paraguay capacity-building (CIAT) call · KOICA 무상 · 진행 · Recommended $15,000 per programme
Korean support schemes
- KOICA Paraguay office · KOICA — Runs bilateral projects, CIAT training, volunteers and public-private partnerships; priorities are public administration/ICT, transport, health and regional development
- SME Export Voucher · KOSME — Covers certification, marketing and translation costs (available for all countries)
Official notices
- 2026-07-31 Reported $103.7m in new investments approved in July
- 2026-07-31 Reported 114,000 new labour-market entrants in Q2
- 2026-07-31 Announced El Niño prevention measures and tighter anti-smuggling controls
- 2026-08-01 AFD marked 21 years with $6.182bn in cumulative loans and guarantees
Disaster · conflict · epidemic
Stable 2026-11-07
—
—
—
Earth & space
Credit rating · FX
S&P BBB- (stable, Dec 2025) / Moody's Baa3 (stable) / Fitch BB+ · K-SURE Not confirmed · PYG
Sanctions
—
No country-level UN, US, EU, UK or Korean sanctions programme applies.
