Paraguay president asks cabinet to resign amid bank crisis

Paraguayan President Pedro Alliana asked all ministers to resign on Monday, three days after he was appointed during a banking crisis that has left millions of people unable to access their accounts.

Alliana wrote on X that his goal was to strengthen coordination within the government and ensure more efficient management. He said all institutions would continue to operate normally.

The request comes during the fallout from the collapse of Ueno Bank. Earlier supplied information said former president Santiago Pena was removed from office and charged over the collapse, and that Alliana, previously vice president, took his place.