Peña Resigns as President

Paraguay President Santiago Peña announced his resignation after Ueno Bank’s collapse triggered a political crisis; he had been a shareholder in the company that owned the bank until last year. Lawmakers accused him of conflicts of interest, and the lower house backed pursuing an impeachment trial, while Peña said he was stepping down to protect stability and democratic institutions. The bank’s failure left millions unable to access accounts, prompting protests; Congress approved a process to pay depositors.

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