Paraguay's New President Alliana Sworn In After Peña Removed Over Bank Crisis

nos.nl (Dutch) —

Pedro Alliana has been sworn in as Paraguay's new president after parliament officially removed Santiago Peña from office over a bank crisis that left 3 of the country's 6.5 million citizens unable to access their savings. Peña, who had resigned earlier this week in an attempt to preempt impeachment, lost his presidential legal protections after both chambers voted unanimously for his removal. He is now under house arrest following an arrest warrant tied to his alleged ties to Ueno bank, which was placed under central bank control. Alliana, a former vice president and shareholder of Ueno until last year, has promised compensation for affected account holders. The central bank has begun phased payouts, while mass street protests continue amid the financial and political turmoil.


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