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Paraguayan President Santiago Pena Impeached Over Banking Crisis

Paraguayan President Santiago Pena Impeached Over Banking Crisis

The Hindu20h
THE BRIEF
1

Paraguayan Senators voted 44 to 1 to impeach President Santiago Pena over the collapse of Ueno Bank that locked citizens out of accounts.

2

The Central Bank took control of Ueno Bank on Tuesday, freezing accounts and triggering widespread protests across the country.

3

Lawmakers opted for impeachment rather than accepting his resignation to strip him of immunity, with Vice President Pedro Alliana set to complete the mandate.