Paraguayan President Santiago Pena , who is facing impeachment: A practical reader guide

Paraguayan President Santiago Pena , who is facing impeachment: A practical reader guide

Paraguayan President Santiago Pena , who is facing impeachment proceedings following a banking scandal that has affected millions of people, requested three extra days to prepare on Friday (November 6, 2026).

Pena tendered his resignation on Thursday (November 5, 2026), but Congress put his resignation on hold while the impeachment process moves forward. The crisis erupted on Tuesday (November 3, 2026), when the Central Bank moved to take control of Ueno Bank and freeze the accounts of around three million customers, nearly half the country’s population. Pena, a former Finance Minister who took office in 2023, had held a stake in a group that controlled the bank but sold his shares in 2025. Thousands of people took to the streets for a third consecutive night on Thursday (November 5, 2026), protesting in the capital Asuncion and other cities.

Mr. Mr. The scandal escalated within days, prompting the resignation of the central bank President and the arrest of eight bank executives.

Pena’s request, Senate President Basilio Nunez told reporters. The Senate, which is in charge of the impeachment proceedings, was meeting on Friday to examine Mr.