PoliticsWhy is Paraguay facing a banking and political crisis?

The collapse of Ueno, a rapidly growing digital lender, has left millions unable to access their savings and raised questions about state influence and accountability. Paraguay is in political turmoil, with Congress rejecting President Santiago Pena’s resignation and pursuing impeachment. Pena is accused of negligence and complicity in an alleged cover-up of the bank’s insolvency.

ParaguayUeno Bankbanking crisisimpeachment

AAl Jazeera★★★☆☆2026-11-06 18:54Original