Paraguay's president impeached after resigning over bank collapse
Lawmakers vote to impeach Santiago Peña minutes after his resignation as a digital bank collapse freezes millions of savings.
At a glance
- President Santiago Peña resigned and was impeached within minutes by lawmakers
- A digital bank tied to the government collapsed
- Millions of people's savings were frozen by the bank failure
Paraguayan lawmakers voted to impeach President Santiago Peña shortly after he announced his resignation. The impeachment followed the collapse of a digital bank that had connections to his government.
The bank's failure resulted in millions of people having their savings frozen, prompting the political crisis.
Why it matters
The bank collapse and subsequent political upheaval represent a significant financial and governance crisis affecting many Paraguayan citizens.
Original reporting
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