Paraguay President Peña Resigns Amid Banco Ueno Crisis; Senate Weighs Immunity Deal

President Santiago Peña has resigned, triggering a constitutional process in which the Senate can either accept the resignation—granting him a lifelong senate seat and immunity—or reject it and proceed with removal, which would strip that protection. The outcome hinges on legislative dynamics and the ongoing Banco Ueno crisis, which has destabilized his administration. This is a significant political transition in Paraguay with potential implications for regional stability and investor confidence.

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