Paraguay swears in new president amid financial crisis, former president under house arrest

Pedro Alliana has been sworn in as Paraguay's new president following the impeachment of Santiago Peña amid a banking crisis. Peña is under house arrest for his involvement in the Ueño bank collapse, which has affected millions of citizens. Alliana, previously vice president, is also under investigation. The Central Bank intervened in Ueño due to concerns over its solvency, leading to widespread protests. Alliana has promised compensation for affected citizens, and the Central Bank has begun reimbursing account holders.