Why is Paraguay facing a banking and political crisis?

Paraguay is in political turmoil after the collapse of Ueno, a fast-growing digital lender, left millions of people unable to access their savings. President Santiago Peña is accused of negligence and of being complicit in an alleged cover-up of the bank’s insolvency. Congress rejected his resignation and is proceeding with impeachment, while questions remain about political influence over regulators and who should be held accountable.