📷 Image: Wikimedia Commons / 總統府
Politics
Pedro Alliana Sworn in as Paraguay's President After Banking Crisis Impeachment
✍️ NDTV Top
🗓 07 Nov 2026, 07:29 AM
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Vice President Pedro Alliana was sworn in as Paraguay’s president on Friday after senators voted to impeach former President Santiago Peña amid a nationwide banking crisis.
The Paraguayan Senate on Friday voted to remove President Santiago Peña after a wave of protests over a banking crisis that left thousands of depositors without access to their funds.
In the same session, Vice President Pedro Alliana was sworn in as the new president, taking the oath before the National Congress.
Alliana pledged to restore confidence in the banking system, promising swift action to protect depositors and stabilize the economy.
The move follows a series of investigations into the collapse of several banks, and the government now faces the task of rebuilding public trust while addressing the financial fallout.
In the same session, Vice President Pedro Alliana was sworn in as the new president, taking the oath before the National Congress.
Alliana pledged to restore confidence in the banking system, promising swift action to protect depositors and stabilize the economy.
The move follows a series of investigations into the collapse of several banks, and the government now faces the task of rebuilding public trust while addressing the financial fallout.