Paraguay's president Pena impeached after resigning over banking scandal

France 24 · FRANCE 24 · 2026-11-05 17:33 UTC

Paraguay’s lower house voted unanimously to impeach President Santiago Pena on Thursday, just minutes after he announced his resignation on X. Protesters have rallied in the streets since the takeover of a bank linked to Pena blocked millions of people, including pensioners, from accessing their money.

Paraguay’s lower house voted unanimously to impeach President Santiago Pena on Thursday, just minutes after he announced his resignation on X. Protesters have rallied in the streets since the takeover of a bank linked to Pena blocked millions of people, including pensioners, from accessing their money.

Paraguayan President Santiago Pena will face an impeachment trial after a financial crisis that led the US-allied leader to resign Thursday, after a banking takeover blocked almost half the population from accessing their money.

Congress put Pena's resignation on hold while the impeachment process move forwards, which means he will remain in office provisionally.

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