Paraguay President Peña resigns under mounting pressure from bank collapse
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The fallout from the collapse of the bank, called ueno, has already led to the resignation of Paraguay’s central bank chief and the detention of eight ueno executives.
ASUNCIÓN, Paraguay — Paraguayan President Santiago Peña resigned Thursday following the collapse of a prominent digital lender to which he had former business links, putting him under intense pressure as nearly half the population was left without access to their bank accounts.
He was resigning “with the stability of our country, social peace and the need to preserve our democratic institutions in mind,” Peña said in a recorded video address Thursday.
The fallout from the collapse of the bank, called ueno, has already led to the resignation of Paraguay’s central bank chief and the detention of eight ueno executives.
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