# Paraguay President Santiago Peña resigns

- URL: https://talkfuse.com/story/paraguay-president-santiago-pena-resigns/
- Published: 2026-11-05T16:58:16+00:00
- Updated: 2026-11-05T18:48:26+00:00
- Original publisher: BBC World (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/c6p9g39vln3yo?at_medium=RSS&at_campaign=rss
- Topics: Elections, Government, Politics, World

## Key points

- Santiago Peña resigns after a bank collapse sparks a political crisis.
- Lawmakers had voted to pursue an impeachment trial.
- Ueno Bank had about three million customers.

## Summary

Paraguay’s President Santiago Peña has announced his resignation amid a political crisis following the collapse of Ueno Bank, which lawmakers linked to him through his former shareholding in its parent company. The lower house had voted to pursue an impeachment trial, while Peña denied wrongdoing and said stepping down would protect stability, social peace and democratic institutions.

Ueno Bank entered insolvency and froze its operations, leaving millions unable to access accounts; the digital lender said it had about three million customers, around 60% of Paraguay’s adult population. It held pensions and other public funds, prompting protests after the central bank seized it. Congress has approved a process to pay depositors, and Peña, elected in 2023 as the Colorado Party candidate, apologised to the public in a video message.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.