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LatinNews Regional Monitor: Brazil & Southern Cone - 7 March 2017

Paraguay’s congress challenges executive over bonds issue

Development: On 6 March, the president of Paraguay’s senate, Roberto Acevedo, notified international credit ratings agencies that the proposed issue this year of sovereign bonds by the executive led by President Horacio Cartes is irregular and that the Paraguayan state “will not be accountable” for them. 

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