The Paraguayan Superintendency of Banks set forth for consideration of the Board of Directors of the Central Bank of Paraguay a resolution that will eventually allow the access to financial services to a segment of the population that has fewer resources than the average working class.
Paraguay's legal market comprises of a small group of almost
exclusively local firms. The size of the firms that perform financial
work ranges from staffs with a very small number of lawyers to those
with a few dozen attorneys....
CONTEXT AND TRENDS
In June of this year the Paraguayan Congress impeached and removed from office the country's president, Fernando Lugo. Lugo, who was tried previously and thought to have been under scrutiny for some time, was charged with "poor performance in office" following an attempted police eviction of roughly 150 farmers squatting on a privately-owned farm....