Paraguay’s Senate clears Jorge Schreiner to lead its central bank

The Senate of Paraguay consented to the designation of economist Jorge Luis Schreiner Marengo as president of the country’s central bank on 9 November 2026. Senators met in an extraordinary session in Asunción. President Pedro Alliana had nominated Schreiner earlier that day. The appointment followed the removal of Carlos Carvallo, the previous central bank chief, during the crisis surrounding the collapse of the digital lender Ueno.

The chamber took up a second appointment at the same session. It cleared Fernando Javier Rivarola Angulo as a member of the central bank’s board. The executive submitted the two names in separate messages: No. 426 concerned the bank presidency and No. 427 concerned the board seat. The distinction matters because one appointment fills the institution’s top office, while the other fills a position on its governing board. The Senate’s action was consent to executive nominations. It was separate from the earlier change in Paraguay’s national presidency.

Facts to remember

• Central bank president cleared: Jorge Luis Schreiner Marengo.
• Board member cleared: Fernando Javier Rivarola Angulo.
• The Senate acted on 9 November 2026 on executive messages Nos. 426 and 427.
• Article 224 of Paraguay’s Constitution assigns the Senate a role in central bank appointments.

Background

Article 224 includes among the Senate’s exclusive powers consent to the appointment of the central bank’s president and directors. The appointment process also operates under the bank’s Organic Law No. 489 of 1995 and Law No. 6104 of 2018, which the Senate identified when it announced its decision.

Why it matters for exams

For CLAT comparative polity and economy, distinguish the appointing process for a central bank head from succession to the country’s presidency.