Paraguay central bank chief Raul Vera resigns

- Central Banking staff
- 21 Nov 2002

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Paraguay's central bank president has resigned. The decision came on Wednesday and will weaken the government of President Luis Gonzalez Macchi as it struggles to end the country's economic crisis.

Raul Vera delivered his resignation in person to the president, complaining that lawmakers hadn't done enough to rally behind the government's efforts to win badly needed aid from the International Monetary Fund.

"I'm frustrated that I haven't been able to find the backing from Congress needed" to

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