Paraguay's Senate resumes impeachment proceedings against President Peña following financial crisis triggered by digital bank collapse
The Paraguayan Senate has resumed impeachment proceedings against President Santiago Peña, after the country's digital bank Ueno Bank was taken over by the central bank and collapsed due to violations of minimum solvency requirements, triggering the worst financial crisis in decades. Peña announced his resignation on Thursday and requested 72 hours to prepare his defense, following the Chamber of Deputies' unanimous 78-0 vote to approve the impeachment. The crisis has also led to the resignation of the central bank governor, the arrest of eight executives, and the launch of three criminal investigations.
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