Paraguay resumes impeachment proceedings against Peña as bank crisis deepens

▲ Escalating

Paraguay resumes impeachment proceedings against Peña as bank crisis deepens

Impeachment proceedings against President Santiago Peña have resumed, according to a report on Friday, even though another report on Thursday said he had resigned. The political turmoil follows the failure of a digital bank that left about half the population without access to their accounts. Ueno Bank was shut down overnight on Wednesday amid a solvency crisis, and protests spread across the country.

• Peña was reported to have resigned on Thursday after a lower house vote to pursue an impeachment trial.
• Ueno Bank was shut down over a solvency crisis, affecting savings held by about half of the population, per Al Jazeera.
• Protests spread across Paraguay after the shutdown.