Pedro Alliana takes Paraguay presidency after Peña's impeachment
By the AFREEQUE newsroom, based on Punch
Pedro Alliana became president of Paraguay after Santiago Peña was impeached amid a banking crisis. He will remain in power until 2028 and promises full compensation for nearly three million affected depositors, according to AFP.
Pedro Alliana, former vice-president of Paraguay, has promised to compensate nearly three million depositors affected by the Ueno Bank crisis, after being designated president by the Senate following the impeachment of Santiago Peña. “Fellow citizens who are currently going through a difficult period due to the financial collapse will be fully compensated,” said Alliana, who is due to remain in power until 2028, Punch reports.
The first payments to affected customers began on Thursday afternoon, according to a Central Bank official cited by AFP. The first phase provides assistance of up to about $1,600 for depositors without a loan who have an account at another Paraguayan bank or institution, José Maciel of the Central Bank's Deposit Guarantee Fund said.
Prosecutor Silvia Margarita Gonzalez Vester said Santiago Peña had been placed under house arrest a few minutes after his impeachment. The prosecution is investigating acts related to the supervision and settlement of Ueno Bank and the placement of public funds in the institution, with suspicions including breach of trust and influence peddling.
Pedro Alliana's appointment comes after Santiago Peña's impeachment, voted on 5 November, and after the impeachment proceedings were referred to the Senate, announced on 6 November.
