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    Home AMERICAS Paraguay

    Asunción: Nenecho intends to wash his hands of the G6 bonds – National

    The Analyst by The Analyst
    April 11, 2026
    in Paraguay
    Asunción: Nenecho intends to wash his hands of the G6 bonds – National


    The former mayor Óscar “Nenecho” Rodríguez (ANR-chartista), who resigned from office in August last year and is now running for councilor again; This Wednesday he sought to distance himself from the financial crisis through which the Municipality of Asunción passes, a legacy of his management.

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    Read more: Bello and Nenecho had US$35.5 million to clean Asunción in 2025

    Who today aspires to be a councilor again, a position he already held before becoming mayor, between 2015 and 2020, repeatedly denied his responsibility in the millionaire issue of the G6 bonuses. During a live broadcast, he attempted to minimize his direct involvement in this process of indebtedness municipal.

    Official document of the Municipal Board of Asunción with visible text on approval of services, without people present.
    Nenecho’s signature on Resolution 10,553/19 of the JMA that authorized Ferreiro to issue the G6 bonds.

    Rodríguez stated that the G6 bonuses were contracted under the management of Mario Ferreiro and not yours. According to his version, he inherited a debt of G. 345,000 million and paid 80% of that capital. He maintained that his administration had to do “juggling” to cover commitments that he inherited.

    Read more: Bello and the “model” Nenecho: in 2025, 15 times more will be spent on salaries than on works, in Asunción

    However, documents published during his administration reveal that in November 2019as president of the Municipal Board of Asunción, Rodríguez signed the Resolution 10,553/19 that authorized Ferreiro to broadcast. Nenecho had come to office thanks to a coalition with the majority that accompanied Ferreiro and that, a year and a half later, would elect Rodríguez as mayor to replace him, after his resignation.

    Official document of the Municipality of Asunción signed by Javier Candia and Oscar Rodríguez, with legible text and resolutions.
    Already as mayor, Rodríguez himself signed Resolution 37/20 on January 16, 2020, which authorized the issuance of G6 bonds.

    Already as mayor, Rodríguez himself signed the Resolution 37/20, on January 16, 2020, which authorized the issuance of the G6 bonds. This document formalized the placement of G. 100,000 million in the Asunción stock market.

    Join the ABC channel on WhatsApp

    G6 Bonds: works that were promised

    The destination of these funds contemplated projects of urban development among which stand out the G. 10,000 million that were promised to revitalize ten plazas. One of them was the United Nations Plazawhose culmination occurred only after Rodríguez’s resignation.

    The project, considered “symbol” of failure of his management, he kept the space closed to the neighbors for more than two years and it only ended after the unilateral cancellation of the contract by the current mayor, Luis Bello (ANR-Chartist).

    Read more: Nenecho Bonds: the conditions imposed by creditors on Luis Bello in Asunción

    The list of promises with the G6 bonds also included G. 26.8 billion for potholes and G. 9,000 million for street signs. A fleet of vehicles and G. 4,630 million to reform the Bus Station (EBA)a project that was included again in the G7 broadcast and was never addressed.

    Asunción Bus Station, one of the "victims" of Nenecho's promises. Infrastructure was never finished being intervened.
    Asunción Bus Station, one of the “victims” of Nenecho’s promises. Infrastructure was never finished being intervened.

    In his live broadcast, Rodríguez blamed the municipality’s current financial crisis on the lack of income, because, he said, the construction projects did not prosper. paid parking and tax management. He thus justified the issuance of G9 bonds (2023), for G. 195,000 millionto pay the interest on the previous bonds. He described this maneuver as a “rescue” financial to pay the maturities of the G3 to G6 bonds.

    Diversion and intervention

    Carlos Pereiracontroller of the management of Nenecho, however, blamed the financial situation of the commune on the monumental detour of bond funds. In his final report, he documented that, through “terrible illegal practices” as the use of a “single account”, Nenecho diverted G. 512,000 million of the G8 bonds, which should be for works, to current expenses, mostly salaries.

    Luis Bello (ANR-HC), now mayor of Asunción, along with those who took him to office, former mayor Oscar "Nenecho" Rodriguez (ANR-HC), and the head of the Chamber of Deputies and his "godfather" politician, Raúl Latorre (ANR-HC). 04-10-2026
    Luis Bello (ANR-HC), now mayor of Asunción, along with those who brought him to office, former mayor Oscar “Nenecho” Rodriguez (ANR-HC), and the head of the Chamber of Deputies and his political “godfather”, Raúl Latorre (ANR-HC). 04-10-2026

    Rodríguez resigned in August 2025given the imminence of his dismissal and the presentation of the forceful report of his management’s intervention. Upon his resignation, the Colorado majority, with the support of Rodríguez, elected Luis Bello (ANR-chartista) to succeed him.

    Read more: Asunción: Bello made a fuss with “intimation of payment” from bondholders, they say https://www.abc.com.py/nacionales/2026/04/09/asuncion-bello-hizo-autobombo-con-intimacion-de-pago-de-bonistas-aseguran/

    As councilor and president of the Municipal Board, the current mayor was part of the most of 14 complicit councilors who endorsed Nenecho’s management, and approved his balance sheets in 2023 and 2024, when ABC’s complaint about the diversion of the bonds was already public knowledge.

    They weigh on Rodríguez’s management at least 8 criminal casesincluding an accusation for breach of trust and criminal association, in the gold detergent case.



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