Paraguay’s Peña Faces Impeachment Amid Banking Crisis, Resignation Reports

The crisis was triggered by the collapse of Ueno Bank, which serves about 60 percent of the country’s adult population and sent shockwaves through the financial system.

It has also sparked widespread demonstrations calling for the president’s resignation.

However, Peña, formerly a partner in the group that controls the bank, resigned voluntarily on Thursday.

He announced his resignation in a video posted on X, in which he referred to the country’s “stability” and “democratic institutions”.

“I also want to apologize to anyone I may have disappointed,” he said.