AGP Executive Report
Last update: 6 hours agoParaguay Banking Crisis: The Senate impeached President Santiago Peña after Ueno Bank’s collapse froze accounts for nearly three million customers. Prosecutors ordered his detention, and he was placed under house arrest; the allegations are under investigation, not a conviction. Vice-President Pedro Alliana took over as some depositors began receiving advance payments. Cybersecurity: Pakistan’s National CERT warned that AI-enabled attacks could target banks’ core systems, apps and payment networks, urging stronger defences and monitoring. Bank Rakyat said a third-party technical issue disrupted only its corporate website; deposits and banking services remained safe. Development Finance: The World Bank approved an additional $500 million for Nigeria to restore degraded land, improve water management and support rural livelihoods. Central Banks: IMF chief Kristalina Georgieva warned that a slowdown in AI-led growth could complicate central banks’ efforts to manage inflation and financial stability.
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