Paraguayan President Santiago Pena resigns amid banking crisis

Paraguayan President Santiago Pena resigned on November 5, 2026, following protests sparked by the Central Bank's takeover of Ueno Bank, which froze deposits for millions.

Lawmakers voted to launch impeachment proceedings against Pena over allegations of misconduct and a conflict of interest tied to the seized financial institution.

Vice President Pedro Alliana is set to take over leadership of the South American nation as parliamentary proceedings continue.