Elected president Fernando Lugo, who takes office on August 15, pledged to maintain Paraguay's membership in the Mercosur trade block, which includes Argentina, Brazil and Uruguay, and strengthen integration mechanisms. He also announced he would seek relations with Beijing, currently non existent.
Paraguayan president Nicanor Duarte said on Monday he's considering resigning before August 15, when his mandate expires, which means vice president Francisco Oviedo would then be in charge of passing the sash to elected president Fernando Lugo.
Former Catholic bishop Fernando Lugo won a historic victory in Paraguay's Sunday presidential election, signaling the demise of more than six decades of one-party hegemonic rule in one of South America's poorest countries.
The last 48 hours before Sunday's vote to elect president and a new Congress in Paraguay are showing the strains of an ancient regime that has ruled undisputedly in the country for over six decades but which seems condemned according to the prevailing opinion polls for the last twelve months.
Energy and energy security has snowballed as an issue in the last leg of the Paraguayan presidential election of next Sunday, April 20. The two heavy weight neighbors are highly dependent on Paraguayan energy resources and all Paraguayan leading candidates have promised a review of the contracts which are most unfair for our country.
With five days for next Sunday's Paraguay's presidential election former Catholic Bishop Fernando Lugo is still the front-runner but his lead over rival candidates has narrowed, according to a public opinion poll published on Ultima Hora Sunday's edition.
Paraguayan former Catholic bishop Fernando Lugo supported by opposition and citizens groups disenchanted with the current political system leads with 36.8% in the race to April 20 presidential elections, according to the latest public opinion poll published by La Nación. This represents a two point win over the March poll.
Paraguay is increasingly concerned with the weakness of the US dollar which together with the landlocked South American country commodities export boom is appreciating the local currency far above the Central Bank's target.
The three major candidates for Paraguay's presidential election next April 20 have agreed on one thing this week: Brazil must pay more for energy from the Itaipú dam on a river border between the two nations.
Former Catholic bishop Fernando Lugo continues to lead in the run up to Paraguay's presidential election followed by the incumbent candidate Blanca Olevar, according to the latest public opinion poll.