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Unrest & politics · Politics · Impact 4 Major

Paraguay's President Peña resigns after bank collapse and impeachment vote

· Asunción, Paraguay · confirmed by 3 outlets

Santiago Peña has resigned as president of Paraguay. The move follows a bank collapse and a lower house vote to pursue an impeachment trial against him.

Location
Asunción, Paraguay · Paraguay live map
Coordinates
25.26°S 57.58°W
Reported
5 Nov 2026, 16:58 UTC
Category
Unrest & politics · Politics
Impact
4 of 5 · Major
Situation
Paraguay bank collapse
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Paraguay's President Peña resigns after Ueno Bank collapse

Santiago Peña resigned as president on Thursday, following the collapse of Ueno Bank and a lower house vote to pursue an impeachment trial against him. Earlier in the day, protests spread across Paraguay after the bank was shut down overnight amid a solvency crisis.

  • Ueno Bank was shut down overnight over a solvency crisis.
  • Al Jazeera reports the collapse affects savings held by about half of the population.
  • The lower house had voted to pursue an impeachment trial before Peña resigned.
Updated 5 Nov 2026, 18:29 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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