Collapse of Ueno Bank blocks resources of volunteer firefighters in Paraguay
Letícia Alves was born in Fortaleza and graduated in journalism from the Federal University of Ceará. She worked at the newspaper O Povo, Poder360, Brasil sem Medo, and Gazeta do Povo. Currently, she is a reporter at Revista Oeste.
TL;DR
- Ueno Bank's collapse has blocked about R$ 1.78 million in funds for 140 Paraguayan volunteer firefighter stations, impacting 6,500 volunteers.
- Firefighters are now prioritizing emergency calls due to a shortage of resources like fuel for trucks and equipment.
- A national fundraising campaign in October provided about 70% of the firefighters' funds, which are now inaccessible.
- The bank's intervention by the Central Bank on November 3rd was due to solvency issues.
- While the Central Bank is returning deposits up to US$ 36,000 per account, this only covers 11% of the firefighters' blocked funds.
- The firefighters await the liquidation of Ueno Bank's assets by the Central Bank, with no timeline or guarantee of full recovery.