Paraguay 

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Latest news on Paraguay, the Republic of Paraguay, covering Paraguayan politics, the Colorado Party, the Ueno Bank crisis, Santiago Peña, Pedro Alliana, Asunción, Ciudad del Este, the Paraguay economy, soy, beef, Itaipu, Yacyretá, Mercosur, Taiwan ties, Guaraní and the Chaco.

Paraguay is a landlocked country in South America, bordered by Argentina, Brazil and Bolivia. About 6.1 million people live there, and the Paraguay River divides the populated east from the dry, thinly settled Chaco. Asunción is the capital and largest city, with other major centres including Ciudad del Este, San Lorenzo, Lambaré, Capiatá and Pedro Juan Caballero.

The collapse of Ueno Bank has dominated recent Paraguayan news. It triggered protests and a criminal investigation, and the Senate removed President Santiago Peña in November 2026, with his vice-president Pedro Alliana taking over. The affair raised hard questions about banking supervision, pension funds and political ties, while Peña has denied wrongdoing.

The Paraguay economy rests on soy, beef and hydroelectric power, including the Itaipu dam shared with Brazil and the Yacyretá dam shared with Argentina. As a Mercosur member, Paraguay follows trade deals such as EU-Mercosur closely. Critics point to deforestation in the Chaco, corruption, organised crime and inequality. Paraguay has recognised Taiwan since 1957 and has repeatedly resisted pressure from China to switch.

Guaraní is co-official with Spanish and spoken widely, shaping the country's identity, music and literature. Daily life is marked by tereré, a cold herbal infusion shared among friends, as well as ñandutí lace, the Paraguayan harp and the polka paraguaya. Remittances from migrants, indigenous land rights and rural poverty remain important human stories.

Paraguay won independence from Spain in 1811. The War of the Triple Alliance, fought from 1864 to 1870 against Argentina, Brazil and Uruguay, devastated the country and cost it much of its population and territory. General Alfredo Stroessner ruled from 1954 until his overthrow in 1989, and the Colorado Party has dominated politics for most of the time since.

Our NewsNow feed on Paraguay is updated constantly with the most relevant headlines from reliable sources. Whether you follow Paraguay news on politics, the Ueno Bank fallout, the economy, Itaipu, Mercosur or life in Asunción, this feed is your comprehensive source for the country.