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Paraguay President Peña resigns under mounting pressure from bank collapse
- By AFP | Posted by TOE Paraguay’s Santiago Pena has had a colorful career, going from an IMF economist to finance minister to the youngest-ever president of his small South American nation.
- But who knows what comes next for the 47-year-old following his attempted resignation amid an explosive banking crisis that has blocked nearly half of Paraguay’s population from accessing their money.
- Pena took power in 2023, becoming the fresh young face of the conservative Colorado Party, which has ruled for nearly eight decades.
- Even the US-allied president’s peers turned against him following the…
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