Paraguay President Santiago Peña resigns following bank collapse

Manila Bulletin

Paraguayan President Santiago Peña resigned Thursday after losing the backing of his own party, as protests rocked the capital for a third day over the collapse of Ueno Bank, a major digital lender tied to his government that froze millions of people’s savings.  Peña announced his resignation in a video posted to X, saying he was stepping down to preserve the country’s stability and democratic institutions while lawmakers gathered inside the Legislative Palace debated his impeachment.

Transcript

00:00I took the decision to present my renunciation to the presidency of the Republic.

00:04I do it thinking about the stability of our country,

00:08the social peace and the need to preserve our democratic institutions.

00:13But today, my priority is one only,

00:15the tranquility of the paraguayers who trusted their profits in our financial system.

00:21Detrás of each deposit has years of effort, sacrifice and family projects.

00:26My biggest desire is to guarantee the evolution of these resources,

00:31that the Guarantía de Depósitos will fulfill its purpose

00:34and to protect the public funds and the resources that belong to all paraguayers.

00:45A juicio político al Presidente, al Vicepresidente,

00:49que se haga un juicio como corresponde a las autoridades responsables,

00:53a la gente del Banco Central, a las autoridades,

00:56confiscation of their goods,

00:58devolving the money from the workers

00:59and without continuing to touch our money.

01:04taking care of what is the sister of the local council of the police

01:05and a capital tobian�� für and the alcance the sheriff's maitrelas

01:16and an�or Isis.

01:17Faça y you can stream all that information,

01:19and you have your choice,

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Transcript

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