Paraguay's President-elect Santiago Pena 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 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.
"The time has come to postpone our differences to prioritize the common causes that unite us as a nation." "Santi," as he is often known, has pledged business-friendly policies that focus on job creation, keeping taxes low and attracting foreign investment. "He is not a politician who wants a revolution, he wants evolution," said a businessman with investments in Paraguay who knows Pena personally, asking not to be named.Pena's political career took off when protests in 2016 forced then-President Cartes to abandon plans to seek an extra term by amending the constitution and to hand-pick Pena as his intended successor.
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