Paraguay Swears In Pedro Alliana as Bank Collapse Triggers Impeachment
Former Vice President Pedro Alliana was sworn in as Interim President of Paraguay in Asuncion on November 6, 2026, following the impeachment of President Santiago Pena. The rapid leadership change directly impacts Paraguay’s banking sector, commercial depositors, and public institutions as the government attempts to stabilize the nation’s financial system.
Ueno Bank Liquidation Freezes Savings for Millions
The collapse of Ueno Bank froze the personal accounts of half of Paraguay’s adult population, precipitating the political crisis that ousted Pena within three days. Taking office at the National Congress, Alliana pledged to address the widespread banking failure during his presidency, which extends through the end of the official term in August 2028.
Before entering political office as governor of Neembucu in 2008 and later serving in the Chamber of Deputies from 2013 to 2023, the 52-year-old ruling Colorado Party leader operated as a businessman and played for Paraguay’s national basketball team in 1991.
