Paraguayan President Santiago Peña, an ally of Donald Trump and Benjamin Netanyahu, announced his resignation on Thursday following the escalating banking crisis and increasing political pressure. The closure of the Ueno Bank and the blocking of access to the bank accounts of about three million customers are considered to be the main factors in this crisis.
In announcing his resignation, Peña cited the need to maintain the country’s stability and the peace of depositors as the reason for this decision; this comes despite political opponents accusing him of misusing pension funds, conflict of interest, and failure to address the banking crisis, and had begun the process of impeaching him in parliament.
Vice President Pedro Aliana is reportedly set to replace him, but Peña’s resignation must be reviewed and approved by Congress.
During his presidency, Peña strengthened Paraguay’s relations with the Israeli regime and announced the transfer of the country’s embassy to Jerusalem. His government also supported the attacks by the United States and the Zionist regime on Iranian soil.
