Paraguay president resigns on banking scandal: Update

Argus Media · Argus Media · 2026-11-05 20:49 UTC

Paraguay is in the grips of its worst political crisis in years, with President Santiago Pena submitting his resignation on Thursday following a banking scandal.

Updates with lower house's vote to begin impeachment process.

Paraguay is in the grips of its worst political crisis in years, with President Santiago Pena submitting his resignation on Thursday following a banking scandal.

Pena said in a recording that he was resigning, "with the stability of our country, social peace, and the need to preserve our democratic institutions in mind".

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