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Unrest & politics · Politics · Impact 4 Major

Pedro Alliana sworn in as Paraguay's president as Peña is placed under arrest

· Asunción, Paraguay · single source so far

Pedro Alliana has taken office as Paraguay's new president after Santiago Peña was arrested. The leadership change comes as the country deals with the collapse of Ueno Bank, a popular lender.

Location
Asunción, Paraguay · Paraguay live map
Coordinates
25.26°S 57.58°W
Reported
7 Nov 2026, 00:31 UTC
Category
Unrest & politics · Politics
Impact
4 of 5 · Major
Situation
Paraguay bank collapse
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Paraguay bank collapse right now

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Paraguay's Peña placed under house arrest after Senate removes him over bank failure

Santiago Peña was placed under house arrest on suspicion of breach of trust, shortly after the Senate removed him from office over the collapse of a major bank tied to his government. According to the New York Times, he was impeached and removed on Friday after the bank failed and millions lost access to their savings. Earlier reports on Thursday said he had resigned, and on Friday impeachment proceedings were reported as resumed.

  • Peña was placed under house arrest on suspicion of breach of trust.
  • The Senate removed him from office on Friday, according to the New York Times.
  • Ueno Bank was shut down amid a solvency crisis, and Al Jazeera reports about half the population is affected.
  • Protests spread across Paraguay after the shutdown.
Updated 7 Nov 2026, 00:39 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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