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[1/5] Cipriano Gomez and Ambrosio Pedraza share a laugh as they chat the day after the general elections, where Santiago Pena, from the ruling Colorado Party, was elected as the new Paraguayan President, in Asuncion, Paraguay May 1, 2023. REUTERS/Agustin MarcarianASUNCION, May 1 (Reuters) - Paraguayans on Monday were mixed about the prospects of another five years of conservative Colorado party rule, but hoped President-elect Santiago Pena could reboot the country’s farm-driven economy. Pena, a 44-year-old economist, secured a 15-point lead over his opposition rival with 42.7% of the vote, cementing another five-year term for the ruling Colorado Party. "For me personally, Santiago Pena is a person who could contribute a lot to the economy of our country (by) putting things in place in macroeconomic terms,” Candia told Reuters. Resident Victor Barrios also felt Pena was the right choice: "I think Santiago Pena is the ideal president for now … five years on we’ll see what he does and how we judge him," he said.

[1/4] 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. Still, Pena will be able to keep a cool head amid the tumult, his supporters say. "I think what characterizes him is that he has infinite tranquility," said Lea Gimenez, who served as Pena's deputy when he was finance minister and was later finance minister herself. Throughout the campaign the Colorado Party candidate has vowed to extend Paraguay's decades-long diplomatic relations with Taiwan, despite pressures to open up to China and its huge consumer demand for soybeans and beef. He became finance minister in 2015.

ASUNCION, April 30 (Reuters) - Paraguayans are readying to head to the polls on Sunday in what could be the biggest electoral challenge to the ruling conservative Colorado Party in over a decade and with the country's near 70-year ties with Taiwan potentially at stake. In the streets and news debates, the political build-up has been dominated by the economy, corruption allegations and the candidates' views on Taiwan. Paraguay is one of only 13 nations to maintain formal diplomatic ties with the democratically-governed island that China claims as its own. Pena has said he would maintain ties with Taiwan. In final campaign events, Alegre took aim at corruption charges that have dogged Colorado Party leader Horacio Cartes, who was sanctioned by the U.S. Treasury this year.

The ruling Colorado Party has dominated Paraguayan politics for the last three-quarters of a century, in power for all but five years. "We never talked about politics before, because a win for the Colorado Party was a done deal," 40-year-old bank worker Gustavo Vera told Reuters in the capital. "There's more corruption in Paraguay than work... All I know is we have to work much harder to make ends meet." The U.S. Treasury earlier this year imposed sanctions on party chief Horacio Cartes and Vice President Hugo Velazquez, citing "rampant corruption." Alegre, on his third presidential campaign, has pulled together a broad alliance of independent parties to challenge the powerful Colorado political machine.

But Pena, who has powerful party backing, is able to keep a cool head amid the tumult, his supporters say. "I think what characterizes him is that he has infinite tranquility," said Lea Gimenez, who served as Pena's deputy when he was finance minister and was later finance minister herself. Opinion polls suggest either Pena or center-left opposition leader Efrain Alegre could triumph and most analysts predict a close race. "He matured very quickly, being a young father... he became an adult very quickly," a former colleague told Reuters. He became finance minister in 2015.

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