Paraguay, President Peña resigns over the Ueno Bank scandal

Paraguay President Santiago Peña announced his resignation in a message on X in the context of the Ueno Bank bankruptcy scandal. "I made the decision to resign with the aim of preserving the institutions and social peace," the president said. Peña was one step away from impeachment and had remained politically isolated, with his own party having supported the dismissal motion presented by the opposition.

Impeachment trial suspended

According to the institutional protocol, the impeachment process currently underway in the Chamber is now suspended and Parliament will have to accept the resignation of the head of state. Subsequently, the Senate will proclaim the installation of the current deputy, Pedro Alliana, as president and designate a new vice president. The opposition had yesterday collected the signatures necessary to present a motion of 'political judgement' against Peña in Parliament. The president was dumped today by his own party which in an official statement announced its support for the initiative to oust Peña.