From Dallas Express · Dallas Express · · 1m 10s
Paraguay President Resigns After Impeachment Vote
Paraguayan President Santiago Peña resigns as lawmakers vote 78-0 to impeach him over Ueno Bank collapse.
In brief
Paraguayan President Santiago Peña resigns as lawmakers vote 78-0 to impeach him over Ueno Bank collapse. Paraguay's president resigned after lawmakers voted 78-0 to impeach him following Ueno Bank's collapse that affected 3 million customers. Originally reported by Dallas Express.
President Resigns
Paraguayan President Santiago Peña announced his resignation Thursday as the collapse of Ueno Bank sparked demonstrations and a political crisis.
“I wanted to preserve political stability and protect democratic institutions”
Impeachment Vote
The Chamber of Deputies voted 78-0 to advance impeachment charges against Peña and Vice President Pedro Alliana.
Ueno Bank Collapse
Ueno Bank, serving 60% of Paraguay’s adult population, collapsed after central bank intervention disrupted access to accounts for 3 million customers.
Central Bank Resolution
The Central Bank of Paraguay began a formal resolution process for Ueno after its solvency ratio fell below half the legal minimum.
Public Deposits
Ueno held approximately $800 million in public deposits, including funds tied to Paraguay’s pension and health systems.
Deposit Guarantees
Paraguay’s central bank started payments to depositors with no more than 10 million guaraníes in Ueno deposits and no debt to the bank.
At a glance
Paraguay's president resigned after lawmakers voted 78-0 to impeach him following Ueno Bank's collapse that affected 3 million customers.
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