Paraguay: President Santiago Peña announces his resignation

Paraguayan President Santiago Peña resigned amid a banking scandal that escalated into a political crisis, coinciding with discussions of his impeachment. Peña cited the need for stability and preservation of democratic institutions in his resignation video. The crisis began when the Central Bank of Paraguay intervened in Ueno, a financial entity with frozen deposits affecting millions of clients. Lawmakers were debating impeachment due to allegations of misconduct and conflicts of interest. Peña's party members expressed loss of confidence in his leadership, while protests erupted against him. He emphasized prioritizing the tranquility of citizens and apologized for any failures during his presidency.