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Paraguay president replaces Banco Nacional de Fomento chairman

Paraguayan President Mario Abdo Benítez has appointed Banco Nacional de Fomento Chairman Daniel Correa as an economic adviser, 5días reported.

Correa, who became chairman at BNF in 2018, will be replaced by former Banco para la Comercialización y la Producción SA Finance Manager Carlos Florentín.

According to the publication, Florentín said he would aim to modernize the state-run lender to best serve the manufacturing and farming sectors.