Conservative Economist Wins Paraguay Presidential Election, Ensuring Stability for Taiwan Ties

Santiago Pena, the conservative candidate for Paraguay's ruling Colorado Party, won the presidential election with over 42% of the vote, tightening the party's grip on the country and maintaining its long-standing diplomatic ties with Taiwan. Pena faces the challenge of reviving the country's farm-driven economy, shrinking the fiscal deficit, and navigating pressure from soy and beef producers to switch allegiance to China. The election result also underscores the dominance of the Colorado Party, which has ruled for all but five of the last 75 years.