Paraguay's Colorado Party's Santiago Peña wins presidential election
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Santiago Peña, an economist from Paraguay's ruling conservative Colorado party, won the country's presidential election.
An Overview of the News
The election was decided in a single round of voting, and with nearly all ballots counted, Santiago Peña received over 42% of the vote.
His main challenger, Efrain Alegre, who represented the Concertación Nacional coalition, received about 28% of the vote.
The Colorado Party has been the dominant political force in Paraguay for more than 70 years, and Santiago Peña's victory solidified its hold on power.
Despite an expected economic growth of more than 4% this year, Paraguay still struggles with high levels of poverty and corruption.
About Paraguay
It is a country located in the middle of South America. It is a landlocked country, bordered by Argentina, Brazil and Bolivia.
Asuncion is the capital of Paraguay and is situated on the banks of the Paraguay River.
Official languages - Paraguayan Guarani, Spanish
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