Paraguay Swears In Pedro Alliana After Santiago Peña's Impeachment Over Banking Crisis

boursorama.com (French) —

Paraguay has sworn in Pedro Alliana as president following the impeachment of Santiago Peña amid a major banking crisis, with the ousted leader set to face prosecutors on Saturday over the scandal. Peña, a conservative president since 2023, was unanimously removed by the Senate for "malfeasance" linked to the collapse of Ueno Bank. The central bank's intervention froze deposits for nearly three million people, roughly half the country's population, also affecting businesses and pension funds. Alliana, from the same Colorado Party, promised full compensation for those affected by the financial chaos. Peña, placed under house arrest and transferred to a military facility, faces potential charges of abuse of trust and influence peddling. The central bank has begun reimbursing small depositors.


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