Gustavo Leite: The Senator Targeting Paraguay’s Central Bank
Gustavo Leite, Paraguay's ambassador in Washington until July, now leads a ruling-party push to replace the central bank board. Here is who he is and why. The post Gustavo Leite: The Senator Targeting Paraguay’s Central Bank appeared first on The Rio Times .
Gustavo Leite, a senator from Paraguay's ruling Colorado Party, is demanding a complete overhaul of the Central Bank of Paraguay (BCP). On October 14th, Leite urged President Santiago Peña to replace all five board members and the superintendent of banks. The dispute centers around the BCP's supervision of ueno bank, a digital lender.
Leite, who previously served as Paraguay's ambassador to the United States, is a member of the Colorado Party, which is led by former president Horacio Cartes. Leite earned business degrees in California and Scotland before entering public service in 1989. He served as first secretary at Paraguay's embassy in Brussels and later as industry and commerce minister under Cartes from 2013 to 2018.
Leite took a leave of absence from the Senate in July 2025 to become Paraguay's ambassador to the United States, but returned in July 2026. In his first session back, Leite criticized the BCP's handling of ueno bank and called for a complete overhaul of the central bank's leadership.
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