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Paraguay's Congress debates removing President Peña after ueno collapse

Published

Lawmakers in Paraguay began a session on Thursday on whether to start impeachment proceedings against President Santiago Peña. The collapse of digital lender ueno left millions of Paraguayans unable to reach their accounts.

Impeachment proceedings need a two-thirds majority of the lawmakers who take part in the session. In the 80-seat lower house, 35 lawmakers submitted articles of impeachment.

The lawmakers accuse Peña of conflicts of interest, misuse of pension funds and institutional cover-ups linked to the collapse of ueno. A wire report said Peña was a shareholder in the group that controlled ueno until last year.

Key facts

Who
Santiago Peña (President of Paraguay, subject of impeachment push); Basilio Nuñez (Congress president); Horacio Cartes (Colorado Party leader); ueno (digital lender whose collapse triggered the crisis)
What
Paraguay's Congress began the process of seeking President Santiago Peña's removal after the collapse of digital lender ueno, which left millions of Paraguayans unable to access their accounts. A two-thirds majority of lawmakers participating in the session is needed to begin impeachment proceedings; 35 lawmakers submitted impeachment articles in the 80-seat lower house.
When
5 November 2026
Where
Paraguay
Status
Reported

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