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Pedro Alliana sworn in as sudden Paraguay president

Economic Times Nov 07, 2026 at 07:04 AM IST Business

AI summary

Pedro Alliana has been sworn in as Paraguay's president following the ouster of Santiago Pena, who faces house arrest for misconduct linked to the Ueno Bank collapse. The financial crisis, which locked out nearly half the population, triggered a political upheaval demanding accountability.

Key takeaways

  • Pedro Alliana assumed the presidency after President Santiago Pena was ousted.
  • Pena was placed under house arrest on charges of misconduct.
  • The Ueno Bank collapse affected nearly half of Paraguay's population.
  • Lawmakers allege Pena abused influence regarding Ueno Bank's operations.
Read the original at Economic Times

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