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The Paraguayan parliament has begun impeachment proceedings against President Santiago Pena amid the financial crisis due to the collapse of digital bank Ouano, Reuters reports. According to Kommersant, the local central bank forcibly eliminated an organization that served 3 million customers, or 60% of the country's adult population. As a result, citizens' accounts and up to 850 million dollars in public funds were blocked, including pension savings. Lawmakers accuse the president, who previously held a stake in Uno, of conflict of interest.

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The Paraguayan parliament has begun impeachment proceedings against President Santiago Pena amid the financial crisis due to the collapse of digital bank Ouano, Reuters reports. According to Kommersant, the local central bank forcibly eliminated an organization that served 3 million customers, or 60% of the country's adult population. As a result, citizens' accounts and up to 850 million dollars in public funds were blocked, including pension savings. Lawmakers accuse the president, who previously held a stake in Uno, of conflict of interest.

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