Politics · Other · 9 hrs ago
Paraguay’s president asks ministers to resign amid Ueno Bank crisis
Paraguay’s new president, Pedro Alliana, has asked ministers and senior officials to resign to improve coordination and government efficiency.
The request came after the Central Bank took over Ueno Bank on November 3, leaving nearly three million customers unable to access their money.
The bank crisis also led senators to impeach former president Santiago Peña, who was Alliana’s predecessor.
Authorities have begun returning customer deposits through a deposit guarantee fund; by Saturday, about US$160 million had been returned to nearly 1.2 million people.
Peña is accused of using his presidential influence to direct government funds to Ueno Bank and of playing down its financial problems, allegations that are under investigation.
He had previously held shares in the bank’s parent company and was placed under house arrest after his impeachment.
The investigation into the bank’s collapse is continuing, and authorities searched Peña’s home over the weekend; government institutions are to keep operating normally during the resignations process.
Paraguay’s President Pedro Alliana asked ministers and senior government officials to submit their resignations amid the Ueno Bank crisis.
Alliana said the move was intended to strengthen coordination and improve government efficiency.
The crisis deepened after Paraguay’s central bank took over Ueno Bank on 3 November, leaving nearly three million customers unable to access their funds.
The central bank began returning deposits through a guarantee fund, and by Saturday about US$160 million had been repaid to nearly 1.2 million people.
Alliana took office on Friday after senators impeached his predecessor, Santiago Peña, over matters linked to Ueno Bank.
- Who
- Paraguay President Pedro Alliana asked ministers and senior officials to resign.
- What
- He instructed his new chief of staff to request their resignations. Government institutions were to continue operating normally during the process.
- When
- Monday, 9 November 2026.
- Where
- Paraguay.
- Why
- Alliana said the move aimed to strengthen coordination and improve efficiency. It came amid the Ueno Bank crisis.
This story does not have two clearly opposing sides.
Paraguay’s central bank took over Ueno Bank, leaving nearly three million customers unable to access their funds.
Alliana was sworn in as president, replacing Santiago Peña, who had been impeached by senators.
The central bank began returning customer deposits through a guarantee fund.
About US$160 million had been returned to nearly 1.2 million people.
Alliana said he had instructed his new chief of staff to request resignations from ministers and senior officials.
- President
- Pedro Alliana
- Bank takeover
- 3 November
- Customers affected
- Nearly 3 million
- Deposits returned by Saturday
- About US$160 million
- People who received repayments by Saturday
- Nearly 1.2 million
What people are saying
My goal is to strengthen coordination within the government and ensure more efficient management.