Communiqué of the Ministry of Foreign Affairs on the institutional situation of Paraguay

Courtesy translation

In recent weeks, Paraguay has gone through a period of tensions arising from the financial crisis of a local bank, which tested the institutional strength of the country.

As a consequence of that situation, within the framework of the law and with full respect for the National Constitution, impeachment proceedings for poor performance of duties were initiated in the National Congress against the President of the Republic, Santiago Peña.

After examining the accusation brought by the Chamber of Deputies against the Head of State and hearing the defense presented by President Peña’s representatives, the Chamber of Senators found him responsible for the crisis and resolved his removal from office.

Subsequently, it summoned the Vice President of the Republic, Pedro Alliana, to be sworn in as President of the Republic in order to complete the constitutional term that ends on August 15, 2028. Also, in the same act and as provided by the Constitution, a Vice President of the Republic was elected, the designation falling on Senator Antonio Barrios, who was sworn in as Vice President of the Republic to complete the constitutional term that ends on August 15, 2028.

The response to the financial and institutional crisis demonstrates the capacity of the institutions to apply the rules, protect the public interest and channel critical situations within the legal order.

Paraguay emerges strengthened from this specific crisis. The institutional response shows that the rule of law prevails, that the country has a sound financial system, and that it has mechanisms to detect irregularities, correct them, protect those affected and demand accountability.

The Government of the Republic of Paraguay thanks the expressions of solidarity received during these difficult moments that the Republic went through, where the validity of its institutions and their capacity to act in accordance with the law were put to the test.

Asunción, November 7, 2026