Published On 5 Nov 2026
Paraguayan President Santiago Pena resigned on Thursday after calls for his removal swelled following the collapse of digital lender ueno that left millions of customers unable to access their accounts.
“I do so with the stability of our country, social peace and the need to preserve our democratic institutions in mind,” he said in a video recorded address on Thursday.
Pena, an ally of US President Donald Trump, is stepping down after the opposition called an extraordinary session to begin the process of filing an impeachment motion in Congress, and as protesters demanded his resignation.
Earlier on Thursday Pena lost backing from members of his own conservative party. Vice President Pedro Alliana is set to take office as his replacement.
Lawmakers had accused Pena of conflicts of interest, misuse of pension funds and institutional cover-ups linked to the collapse of ueno, which had grown quickly from a niche fintech player into a mid-tier bank administering close to $850 million in public funds.
This is a developing story.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: aljazeera.com
