Paraguay's president stepped down over a financial meltdown, but Taiwan says the fallout won't touch the two countries' diplomatic ties.

• Paraguay's President Santiago Peña resigned after the collapse of Ueno Bank triggered a major financial crisis affecting close to 3 million customers.
• The vice president is taking over leadership as the country deals with the political shockwaves.
• Taiwan's foreign ministry said it will watch the situation closely and respect Paraguay's constitutional process, but stressed that ongoing cooperation projects benefiting Paraguayan citizens will continue regardless of the political upheaval.
• Paraguay remains one of Taiwan's key diplomatic allies, and Taipei says it intends to keep deepening the relationship.

Outlook: Paraguay's new leadership will need to stabilize the banking system, while Taiwan is expected to maintain its existing aid and cooperation programs there.