Analysis· The Conversation

Paraguay’s bank collapse brought down a president – and exposed as myth the nation’s status as a ‘Dubai of South America’

By Joel E. Correia, Associate Professor in Human Dimensions of Natural Resources, Colorado State University, The Conversation · November 9, 2026

Image: The Conversation

The collapse raises troubling questions about who benefits from financial modernization, who controls it and who bears the risks when it fails.

Continue readingRead the full story at The Conversation

More in Analysis