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Paraguay president impeached minutes after resigning following bank collapse : NPR
NPR • • general
Key Points:
- Paraguay's lower house unanimously voted to impeach President Santiago Peña shortly after he announced his resignation amid a banking crisis linked to Ueno Bank, a major digital lender tied to his government.
- Ueno Bank's collapse froze millions of people's savings, pensions, and wages, sparking widespread protests and public outrage over perceived corruption and mismanagement.
- Peña, who had a financial stake in Ueno until last year, expressed regret but denied direct responsibility for the crisis, while his own Colorado Party turned against him.
- The central bank seized Ueno after discovering risky, poorly documented loans to insider companies, leading to the detention of top bank executives and criminal charges.
- Vice President Pedro Alliana is set to assume the presidency following Peña's resignation, as Paraguay grapples with political instability and public demands for accountability.
