Paraguay: Vice President Alliana Sworn In After Impeachment

Paraguayan senators voted on Friday to impeach President Santiago Pena, citing a massive banking crisis Vice President Pedro Alliana was immediately appointed to lead the country Alliana will serve as president until 2028, taking over during a period of significant financial instability. The new leader promised not to abandon millions of Ueno Bank depositors who lost access to their funds after the bank's takeover This move aims to restore public confidence in the financial system The impeachment marks a sharp political shift in South America. The crisis highlights the fragility of regional banking regulations Alliana faces the immediate challenge of stabilizing the economy The Senate's decision reflects deep public frustration with the previous administration's handling of the Ueno Bank collapse The new president must now navigate complex legal and economic hurdles to recover lost deposits.