On Friday, November 6, 2026, in Asunción, former Vice President Pedro Alliana was sworn in as President while former President Santiago Peña was placed under house arrest, as reported by WAM and Reuters.
The removal followed a unanimous Senate vote, according to WAM and an AFP account, citing a banking crisis that halted deposits for millions after Central Bank control of Ueno Bank forced insolvency measures, leaving almost half the population unable to access their money.
Prosecutors speaking outside Peña’s home said charges were still being determined but could include influence peddling linked to Ueno, a statement that the court has not yet confirmed.
Paraguay’s Senate opted for impeachment rather than accepting Peña’s resignation, and the Chamber of Deputies had earlier launched proceedings over alleged misconduct and conflict of interest linked to the bank collapse.
Peña is ordered to appear at the prosecutor’s office on Saturday morning for a formal review of the case.
Alliana’s inauguration happened within hours of the Senate action, underscoring a swift political transition amid the country’s financial crisis.
