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Paraguayan President Pena impeached over banking crisis

The Hindu Nov 07, 2026 at 04:46 AM IST World
Paraguayan President Pena impeached over...

AI summary

Paraguayan President Santiago Pena was impeached by the Senate following the collapse of Ueno Bank, which froze assets for nearly three million citizens. Lawmakers pursued impeachment to strip Pena of presidential immunity, preventing him from becoming a senator for life. Vice President Pedro Alliana will assume the presidency.

Key takeaways

  • The Senate voted 44 to 1 to impeach President Pena for poor performance.
  • Ueno Bank's collapse locked approximately three million people out of their accounts.
  • Impeachment prevents Pena from gaining lifetime immunity as a senator.
  • Vice President Pedro Alliana will complete the current mandate until 2028.
Read the original at The Hindu

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