Paraguay president resigns amid Ueno Bank crisis

Paraguayan President Santiago Peña has reportedly resigned amid a political crisis following the collapse of Ueno Bank, a digital lender allegedly linked to his former business interests.

Peña announced his resignation on Thursday in a video message posted on social media, saying his decision was intended to protect the country’s stability, social peace and democratic institutions.

“I want to apologise to the people if at any point I failed. It was never my intention to betray the trust you placed in me,” he said.
According to Reuters, the resignation followed moves by Paraguay’s lower house of Congress to pursue impeachment proceedings against Peña over allegations of conflict ...