Paraguay President Resigns as Bank Collapse Triggers Political Crisis
ASUNCION—Paraguayan President Santiago Peña resigned on Thursday after the collapse of digital lender ueno triggered a political and financial crisis, froze access to millions of accounts and rattled investor confidence in one of South America’s most stable economies. Peña stepped down hours before lawmakers moved ahead with impeachment proceedings, after losing support within his own conservative Colorado Party. In a statement on social media, Peña said he would appear before Senate impeachment proceedings to “exercise my right to a defense.” Peña said he would do so “not out of personal pride, but because being accountable and providing explanations is also a responsibility I owe to the Paraguayan people.”
Paraguayan President Santiago Peña resigned following the collapse of digital lender ueno, which caused a financial crisis and froze millions of accounts. Peña stepped down hours before impeachment proceedings were to begin after losing support within his party. He stated he would appear before the Senate to exercise his right to defense and fulfill his responsibility to the Paraguayan people.
- Paraguayan President Santiago Peña resigned on Thursday.
- The resignation occurred after the collapse of digital lender ueno triggered a political and financial crisis.
- The collapse led to frozen accounts for millions and shook investor confidence.
- Peña stepped down before lawmakers could proceed with impeachment proceedings.
- He lost support within his own conservative Colorado Party.
- Peña stated he would attend Senate impeachment proceedings to defend himself, emphasizing accountability to the Paraguayan people.
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