Paraguayan parliament removed Peña due to the banking crisis, the new president is Alliana
Pedro Alliana has become Paraguay's new president after the parliament removed Santiago Peña due to a banking crisis linked to Ueno Bank's insolvency. This crisis affected nearly half of the population's access to their funds. Alliana promised full compensation to the nearly three million affected clients. Following Peña's removal, he was placed under house arrest and is under investigation for potential misconduct. The crisis has led to significant political fallout, including the resignation of the central bank governor and the arrest of several Ueno Bank executives. The repercussions have also impacted neighboring Argentina and the sports sector, as Ueno Bank sponsors several football clubs.
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