Aurora Macro Strategies

Paraguay Update: Peña Out

November 5, 2026

Latin America

Paraguay’s president has resigned after the collapse of Ueno bank triggered a political crisis that exposed deep ties between the financial system and the ruling Colorado Party. Aurora assesses what a Pedro Alliana presidency means for the Shield of the Americas agenda, sovereign assets, and investor confidence in a country long treated as a regional stability story.

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Paraguay Update: Peña Out