World
Paraguay resumes Pena impeachment proceedings as financial crisis deepens
Political turmoil comes after a digital bank's failure has left half the population without access to their accounts.
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Paraguay
Politics
Total crisis in Paraguay: how did Santiago Peña help Ueno Bank grow?
How did Ueno Bank grow in Paraguay and what role did President Santiago Peña's business links play with the group behind the entity? The financial scandal that shook the country raised questions about the relationship between political power, public resources and the banking system. We analyzed it in The France Debate 24.
Politics
Senate of Paraguay denies extension requested by Peña to defend himself in political trial
The Senate of Paraguay rejected the 72-hour extension request made by the resigning president, Santiago Peña, to prepare his defence in the political trial. The President or his legal team must now appear before the House. Report from our correspondent, Flavia Borja.
Politics
What is Santiago Peña, the President of Paraguay facing a political trial following the Ueno Bank crisis
The opposition accuses Santiago Peña of conflict of interest for his links with the Ueno Bank's own group and questions possible economic benefits.
Politics
Peña calls for 72-hour extension to prepare for his defence in the political trial in Paraguay
Santiago Peña, the resignation president of Paraguay, asked for an extension to Congress to respond to the allegations related to the serious financial crisis and the collapse of Ueno Bank, a banking entity related to its environment and of which it was a shareholder. Peña argued that it was notified only the day before and that the deadline does not guarantee due process. Congress assesses the order in the midst of a climate of tension. Report from our correspondent, Flavia Borja.
World
"I lost the savings of my whole life. All must go to prison": the plight of thousands of savers in Paraguay for the closure of the Ueno Bank
Thousands of people in Paraguay don't know what's going to happen to the money they had in the Ueno Bank that was closed this week.
Politics
Paraguay's Peña offers resignation amid banking scandal, protests
Paraguayan President Santiago Peña submitted his resignation on Thursday, but Congress put it on hold as impeachment proceedings against him move forward. Peña is facing impeachment over a banking scandal that has affected millions of people and sparked protests, with thousands taking to the streets in recent days.
Politics
The Congress of Paraguay is discussing the future of President Santiago Peña following the Ueno Bank crisis. Follow the latest news
President Santiago Peña, whose resignation was not accepted or rejected, is expected to present himself with his defense in Congress to offer his testimony. However, Peña requested an extension of 72 hours to prepare his case.
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Politics
Santiago Peña does not appear before the Senate and his lawyers take up his defence in the political trial for the Ueno Bank crisis
Lawyers Adolfo Ferreiro and Ricardo Preda appeared this Friday before the Senate of Paraguay to exercise the technical and legal defence of Santiago Peña, who did not show up personally despite being summoned. The hearing began after the High House rejected the request for a 72-hour extension requested by the president, in the midst of the political crisis unleashed by the intervention and closure of Ueno Bank, an entity linked to the president and which managed funds from more than 2.9 million customers.
World
Who is Santiago Peña, the economist whom the powerful Horacio Cartes overtook the presidency of Paraguay (and who now dropped)
Three years after assuming power, Santiago Peña ended up being dragged away by the crisis following the intervention of the Ueno Bank.
World
Paraguay: Santiago Peña, the renowned economist defeated by a banking crisis
Paraguayan President Santiago Peña, who resigned on Thursday, has moved in three years from an image of a brilliant economist embodying the young guard of the ruling party in the country, to that of a stateman who is dismissed for his ties with a bank that has become insolvent.
Politics
Santiago Peña, from one of Paraguay's youngest presidents to the Ueno Bank dispute
Economist Santiago Peña came to the presidency of Paraguay in 2024 as one of the youngest leaders in the country's history, carrying points for his proximity to the business world, especially the bank Ueno, which is currently in insolvency and pushed Peña to resign from office.
World
The President and Congress of Paraguay are heading for an institutional clash after a financial scandal
Peña challenges the Paraguayan Congress and will defend itself in the political trial against it. Members refuse to accept the resignation
Politics
Paraguay’s president impeached amid bank collapse crisis
Lawmakers have voted to impeach Paraguay’s President Santiago Pena amid a banking collapse that has roiled the country.
Politics
Why the Congress of Paraguay did not accept Santiago Peña's resignation as president and what the political trial now means against him
The president announced this Thursday his resignation for his role in managing one of the country's major banks, which was intervened this week.
Politics
Crisis in Paraguay: the closure of Ueno Bank that triggered President Peña's resignation
The Ueno Bank scandal costs Paraguay's President, Santiago Peña. The president presented his resignation in the midst of the crisis unleashed by the intervention and closure of the digital bank, which affects almost three million customers, who fear that they will not be able to recover their money.
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Politics
Paraguay: President Pena resigns amid bank crisis
Paraguay's President Santiago Pena has resigned amid a crisis over his ties to collapsed lender Ueno. Millions of customers' accounts are frozen, with public pension and health care funds also tied up.
Politics
"What happened in Paraguay?," which preceded President Santiago Peña's resignation: 'La Nación'
On November 5, Paraguayan President Santiago Peña announced his resignation in the midst of a political crisis triggered by the intervention and closure of the digital bank Ueno Bank. The audit revealed that the entity's solvency fell below the minimum required and that Peña had shares in Ueno Holding, the group to which the bank belonged, which put the president in the eye of the hurricane.'La Nación 'examines the keys to this case, which unleashed one of the strongest political and banking crises in Paraguay's recent history.
Politics
Esteban Caballero: "90% of those affected by Ueno Bank in Paraguay are small savers"
On 3 November, the Central Bank of Paraguay decided to intervene Ueno Bank for insufficient capital, and its services were suspended. After the scandal, President Santiago Peña presented his resignation for alleged links with the entity. Almost half of the 6.4 million Paraguayans have an account in Ueno. What is the future of customer money? We analyzed it with Esteban Caballero, a polytologist and a researcher.
Politics
This we know of the Ueno Bank scandal, the crisis that struck Paraguayan President Santiago Peña
The dissolution by financial insolvency of Ueno Bank, one of Paraguay's leading digital banks and close links with President Santiago Peña, has triggered a financial crisis and a political earthquake in the country. While almost 3 million customers have been frozen access to their savings and when Congress was preparing to start a political trial against him, the conservative president presented his resignation.