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Dispute over 'green' business reviews at Paraguay's Central Bank; foreign firm gets preferential electricity rates
๐Ÿ‡ต๐Ÿ‡พ Paraguay /Energy & Infrastructure

Dispute over 'green' business reviews at Paraguay's Central Bank; foreign firm gets preferential electricity rates

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • A fierce dispute is ongoing between directors and technicians at the Central Bank of Paraguay (BCP) regarding the review of "green" business dealings.
  • Former ANDE president Fรฉlix Sosa was dismissed by President "Pinocho" Peรฑa, with speculation surrounding the reasons.
  • The article criticizes a government agreement granting preferential electricity tariffs to a foreign company, arguing it benefits foreign interests over Paraguayan citizens and businesses.

A significant conflict is unfolding within the Central Bank of Paraguay (BCP) between its directors and technicians. The technicians reportedly seek to scrutinize the operations of entities involved in the currently popular "green" businesses. Sources suggest that a high-ranking official, referred to as the "savior of the homeland," is obstructing these reviews, presumably with the backing of the ultimate authority.

Adding to the turmoil, President "Pinocho" Peรฑa has dismissed Fรฉlix Sosa from his position as president of the National Electricity Administration (ANDE). While the exact reasons for Sosa's removal are not explicitly stated, the article implies they are tied to broader institutional conflicts.

The government's decision to grant a foreign company preferential electricity tariffs, significantly lower than those proposed by ANDE, is strongly criticized as an act of "surrender." The article laments that despite changes in government, certain practices persist, with pronouncements of sovereignty contrasting sharply with actions that exploit Paraguay.

This new agreement is seen as prioritizing a foreign firm, with the cost of the preferential rate being passed on to Paraguayan users. The author questions the notion of a "giant Paraguay" when ordinary citizens are burdened to cover financial shortfalls created by such deals. The article suggests that individuals connected to fashionable businesses are involved, questioning the insistence on this particular arrangement.

Concerns are also raised about how Paraguayan and foreign companies that have long provided employment in the country will be affected, as they are required to pay the standard electricity rates. The piece references the case of Wiens, who allegedly refused to engage with corrupt individuals and is now facing prosecution in the Metrobรบs case.

Furthermore, the article questions the true nature of justice in Paraguay, contrasting statements from the head of the Supreme Court about judicial independence with recent rulings. The Asunciรณn Municipality's hesitation to release findings on the "asphalt mafia" during the previous administration is also highlighted, suggesting an attempt to protect certain individuals. The piece concludes by stating that those who diverted resources for private gain should be imprisoned.

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.