Paraguay president-elect names next central bank governor

Incoming finance minister promises to respect central bank independence

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The president-elect of Paraguay, Santiago Peña, said he would nominate a central bank veteran as the next governor upon taking office later this month.

Peña told Radio Ñandutí he would name Carlos Dagoberto Carvallo Spalding to lead the Central Bank of Paraguay (BCP) and announced Carvallo’s appointment on social media the same day, July 31.

Carvallo served on the BCP board of directors between 2015 and 2020. He is currently president of the Ueno financial company.

Between 2000 and 2015, he

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