Politics
Paraguayan Chamber of Deputies begins impeachment proceedings against President Santiago Peña
A banking crisis involving the liquidation of the digital bank Ueno, which left millions of customers without access to their funds, has triggered an impeachment request against President Santiago Peña.
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The essentials of this story
- What happened
- The Paraguayan Chamber of Deputies is debating the opening of an impeachment process against President Santiago Peña following the liquidation of the digital bank Ueno.
- Who is affected
- Ueno bank customers, the Paraguayan financial system, and the government of Santiago Peña.
- What changes
- The government is seeking to accelerate the restitution of funds to depositors via the Guarantee Fund, while the country faces political instability and uncertainty regarding the banking system.
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