The president of Paraguay, Santiago Peña, one of the pro-Israel leaders in the world, resigned from his position following the collapse of Oano Bank, one of the largest digital banks in the country, and plunged Paraguay into one of the most severe financial and political crises in years. In December 2024, he moved the Paraguayan embassy to Jerusalem.

The president of Paraguay, Santiago Peña, one of the pro-Israel leaders in the world, resigned from his position following the collapse of Oano Bank, one of the largest digital banks in the country, and plunged Paraguay into one of the most severe financial and political crises in years. In December 2024, he moved the Paraguayan embassy to Jerusalem.