Paraguay: Impeachment proceedings against President Santiago Peña

President Peña faces potential impeachment amid the collapse of Ueno Bank, which is linked to him, leaving many citizens' savings frozen.

The political system in Paraguay is preparing for impeachment proceedings against President Santiago Peña, as reported by El Mundo and Democracy Now. The move follows the collapse of Ueno Bank, a financial institution with close ties to the president, which left the savings of many citizens frozen. The Central Bank of Paraguay has taken over the lender following the crisis.

According to reports, even Peña's own party supports the initiative to impeach him. Additionally, local television networks have claimed that the country’s prosecutor's office is preparing an arrest warrant for the president. Further details regarding the legal and political proceedings against Peña have not yet been released.