Paraguay President Peña Resigns Amid Ueno Bank Crisis, Impeachment Trial

President Santiago Peña resigned before an impeachment trial linked to the intervention of Ueno Bank, which managed public funds and had nearly three million clients. The resignation marks a sudden political collapse triggered by a financial scandal, though the full extent of the crisis and its systemic implications remain unclear. This is a first occurrence: a sitting Paraguayan president stepping down under threat of impeachment.

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