Paraguay: President Santiago Pena impeached, under house arrest over bank crisis
Paraguay's President Santiago Pena has been impeached and placed under house arrest following the collapse of a digital bank tied to his private business interests. The bank collapse has left 60% of the country unable to access their accounts, with public pension and health care funds also affected. Pena's impeachment was voted on unanimously by lawmakers, including from his own party.
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- ✓ Paraguay's President Santiago Pena has been impeached and placed under house arrest.
- ✓ The bank collapse has left 60% of the country unable to access their accounts.
- ✓ Public pension and health care funds are also tied up in the frozen accounts.
- ✓ Pena's impeachment was voted on unanimously by lawmakers, including from his own party.
What changed
President Pena was impeached and taken into custody on November 7, 2026, after a unanimous vote by lawmakers.
Live updates
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Paraguay President Santiago Pena impeached, under house arrest
Paraguay's President Santiago Pena has been impeached and placed under house arrest following the collapse of a digital bank tied to his private business interests. The bank collapse has left 60% of the country unable to access their accounts, with public pension and health care funds also affected. Pena's impeachment was voted on unanimously by lawmakers, including from his own party.
Why it matters
The bank collapse is the latest in a series of banking crises in Paraguay. The country's economy and financial stability are at risk due to the frozen accounts and tied-up public funds. The impeachment and house arrest of Pena mark a significant development in the country's ongoing crisis.
What is confirmed
- Paraguay's President Santiago Pena has been impeached and placed under house arrest.
- The bank collapse has left 60% of the country unable to access their accounts.
- Public pension and health care funds are also tied up in the frozen accounts.
- Pena's impeachment was voted on unanimously by lawmakers, including from his own party.
What to watch next
- Further developments in the investigation into Pena's business interests and the bank collapse
- The impact of the frozen accounts on Paraguay's economy and financial stability
- The process for replacing Pena as President of Paraguay
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- Al Jazeera — How Paraguay’s Ueno collapse is only its latest banking crisis
- BBC — Paraguay's President Santiago Peña impeached and arrested
- The Guardian — Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts
- CNN — Paraguay president impeached and under house arrest following bank collapse scandal
- dw.com — Paraguay: President Santiago Pena impeached, under house arrest over bank crisis
- www.breakingkenyanews.com — Paraguay’s President Santiago Peña impeached and arrested - Breaking Kenya News
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