Paraguay's president has resigned after a bank collapse triggered a financial crisis, and Taiwan says its diplomatic ties with Paraguay are unaffected.

• Paraguayan President Santiago Peña resigned following the collapse of Ueno Bank, which affected nearly 3 million customers and caused major political turmoil.
• Vice President Pedro Alliana is taking over as president.
• Taiwan's Foreign Ministry says it is closely watching the situation and remains in close contact with Paraguay's ruling party and other contacts there.
• Paraguay is one of Taiwan's few remaining diplomatic allies, making the political stability of its government a point of concern for Taipei.

Outlook: Taiwan's government expects the transition to Alliana to proceed smoothly without disrupting diplomatic relations.