Politics

Paraguayan President Santiago Peña resigns amid banking crisis

The president's departure follows the collapse of Ueno Bank, which held approximately $850 million in public funds and served nearly half of the Paraguayan population.

By Redação ContextIA · Text produced with the help of artificial intelligence and under human editorial responsibility. How we work

Published November 5, 2026, 17:15 (Brasília time) · 2 min read

Portrait of Santiago Peña, president of Paraguay, wearing a suit and a red tie. — Paraguayan President Santiago Peña. Photo: Reprodução/CNN Brasil

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The essentials of this story

What happened: The President of Paraguay has resigned amid impeachment proceedings and the financial crisis involving Ueno Bank.
Who is affected: The Paraguayan population, particularly the 3 million customers of Ueno Bank, and the country's financial system.
What changes: Vice President Pedro Alliana is expected to take office if Congress accepts Santiago Peña's resignation.

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