Paraguay President Peña falls in Ueno Bank scandal; Cartes reasserts Colorado Party control

Santiago Peña's presidency ended amid a financial scandal at Ueno Bank, with former President Horacio Cartes emerging as the dominant figure in the Colorado Party ahead of 2028 elections. The event marks a shift in Paraguay's internal power dynamics, with Cartes consolidating influence over the ruling party. The exact circumstances of Peña's fall and Cartes's role remain partially unclear, but the political realignment is significant for Paraguay's governance.

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