Paraguay’s Congress has approved the impeachment of the president following a severe financial crisis triggered by the collapse of a major bank, sending shockwaves through the nation’s economy. The move comes as authorities scramble to contain fallout from the banking failure, which has exposed deep vulnerabilities in the country’s financial system. With public trust eroding and economic stability at risk, the political fallout could reshape Paraguay’s leadership at a critical moment. Lawmakers cited the crisis as a direct justification for removing the president from office.
Lawmakers have voted to impeach Paraguay’s President Santiago Pena amid a banking collapse that has roiled the country.
