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Reuters
Reuters
Politics
By Lucinda Elliott and Daniela Desantis

Paraguay's President-elect Santiago Pena: puppet or pragmatist?

Paraguayan presidential candidate Santiago Pena from the ruling Colorado Party gestures next to his wife Leticia Ocampos at the party headquarters as he and his running mate Pedro Alliana won Paraguay's presidential race, according to the preliminary official count, in Asuncion, Paraguay April 30, 2023. REUTERS/Agustin Marcarian

Paraguay's President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan.

The former International Monetary Fund (IMF) economist, who was hand-picked by the powerful head of the country's dominant political force, the conservative Colorado Party, scored a strong victory in presidential elections on Sunday.

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