Itaipu: Paraguay banking crisis isolated, Brazilian operations unaffected

Itaipu Binacional, the bi-national hydroelectric plant, stated that the banking crisis in Paraguay, involving Banco Ueno, does not affect its Brazilian operations. The Paraguayan side of the plant moved at least R$ 274 million through the bank, but no Brazilian resources are invested there. The statement aims to reassure stakeholders amid financial contagion concerns.

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