Santiago Peña of the ruling National Republican Association (ANR), also known as the Colorado Party, won Sunday's elections in Paraguay and will become the South American country's new president on Aug. 15, it was reported in Asunción. Turnout stood at 63.11% despite voting being mandatory.
Since 7 am local time Sunday (GMT -4), around 4.78 million Paraguayans started voting for the new President, who will take over from Mario Abdo Benítez on Aug. 15, it was reported in Asunción. As per Paraguayan law, there is no runoff, so whoever gets the most votes Sunday, even by the slightest of differences, will be declared the winner.
Analysts foresee official data for the year 2021 will show an increase in poverty for the second straight year in Paraguay and will reach almost 30% due mainly to increasing inflation, analysts said Tuesday.