Paraguayan President Santiago Peña submitted his resignation on Thursday, November 5, amid the crisis caused by the insolvency and subsequent intervention of Ueno Bank, which has sparked protests among the population who have lost their assets.

The resignation announcement came while Congress was in session to decide whether to proceed with impeachment proceedings against Peña.

The president stated: “I have made the decision to submit my resignation from the presidency of the Republic. I do so thinking of the stability of our country, social peace, and the need to preserve our democratic institutions.”

This is a developing story, so further statements and legislative actions are expected to clarify the appropriate measures, considering the Ueno Bank case and the president’s resignation announcement.

M.Pino

Source: laiguana.tv

(Reference image source: Tobias Meza en Unsplash)

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