Bessent, Paraguay’s president discuss economic ties and critical minerals
By Staff Writer · Published 10/22/2026, 5:23:26 PM ET
Treasury’s October 22 account describes economic talks and welcomes Paraguay’s supply-chain commitment, without announcing a project or financing agreement.
Treasury Secretary Scott Bessent met Paraguayan President Santiago Peña on October 22 for talks on the countries’ economic relationship, according to a Treasury readout.
The department said they considered ways to deepen cooperation on shared priorities. Bessent also welcomed Paraguay’s commitment to critical-minerals supply chains that are secure and resilient, Treasury said.
The brief account does not identify a particular mineral, company or development site. It provides no financing amount, agreement terms or implementation schedule.
What it means
The announcement records a diplomatic discussion and a stated supply-chain priority. It does not establish that a new mining project, loan or trade agreement has been approved; the readout supplies no such action or terms.
Source
This State & Nation summary is based on U.S. Department of the Treasury’s original release, dated 2026-10-22. The reporting and statistics above are attributed to that publication.