Asunción

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World Politics & Diplomacy 07 Nov 2026, 08:00 PM IST

Paraguay’s President Ousted After Banking Collapse Triggers House Arrest

Paraguay’s political crisis deepened on Friday after President Santiago Peña was impeached and placed under house arrest following a banking collapse that left millions unable to access their savings. The abrupt removal marks one of the most severe institutional shocks in the country’s recent history and raises urgent questions about financial stability, democratic continuity, and public order.

By RDU Global Wire5 min read

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Santiago Peña(1)Paraguayan Congress(1)Paraguay(1)