Paraguay

Amid record-breaking inflation, the country’s Central Bank has raised its benchmark interest rate to 8.5%, being the highest it has ever been in the past decade

The government has presented to parliament a law that will authorise the state to have full control over the national cryptocurrency industry

Following Vice President Hugo Velazquez’s corruption allegations and his announced resignation, the Public Ministry has opened a case against him to verify his innocence and decide which actions will be taken following his resignation

Vice President Hugo Velazquez has announced his resignation shortly after the White House sanctioned him due to corruption allegations

Authorities have declared a state of emergency for the Paraná river - the second longest in South America - since right now it has the lowest water levels seen in the past 25 years

The country has officially reestablished the terrestrial transport system with Bolivia, which was closed since the beginning of the pandemic

As part of the country’s battle against corruption, the government has established a 15 year jail sentence for any corrupt government officials

In order to ensure food security, the UN has partnered with over 5.700 rural households to create home orchards, which have already begun to successfully alleviate the food emergency situation in the country’s remote regions

Biologist Gloria Yaluff — along with other researchers from the Health Sciences Research Institute of the National University of Asunción (IICS-UNA) — managed to create an effective and low-cost drug to treat Chagas disease

The country is currently considering adopting crypto currency as a legal tender in the near future: the Chamber of Deputies has approved a new bill that establishes a national framework to regulate crypto mining and trading