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NotiSur PDF file 1997 right arrow Aug

Banking Scandal Paralyzes Paraguayan Government

LADB Article ID: 55120
Category/Department: Paraguay
Date: 1997-08-01
By: LADB Staff

On July 25 Paraguay's lower house of Congress passed a "financial-emergency" law in response to a banking crisis that erupted in June. The crisis has further eroded the ability of President Juan Carlos Wasmosy to govern, as opposition within the governing Asociacion Nacional Republica (ANR, Partido Colorado) heats up in anticipation of coming party primaries.

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