Paraguayan teachers strike and protesters return to streets after Ueno Bank collapse

Summary

Thousands of public schoolteachers in Paraguay went on strike and marched in several cities after the collapse of a major bank, which led to the removal of the nation's president the previous week. The teachers are demanding protections for pension funds, which ABC News reported are affected by the collapse. France 24 reported that the banking crisis saw the president impeached on Friday, November 6, and that protesters are back on the streets. The bank at the centre of the crisis, Ueno Bank, started as a digital-first bank attracting many low-income customers, then grew into a major lender in charge of state pensions and holding the accounts of several government institutions. The central bank then froze its accounts over solvency concerns.

Timeline

1. ABC News

   9 Nov 2026, 18:29 UTCSource ↗

   Thousands of Paraguayan public schoolteachers went on strike and marched in several cities after a major bank collapsed and the nation's president was removed last week, with the strike demanding pension fund protections.

2. France 24

   10 Nov 2026, 10:53 UTCSource ↗

   A banking crisis that saw Paraguay's president impeached on Friday, November 6, continues to rock the country, with protesters back on the streets, after Ueno Bank, which grew into a major lender holding state pension funds, had its accounts frozen by the central bank over solvency concerns.