As the conservative economist Peña took office, hundreds of citizens took to the streets to reject the neoliberal economic policies promoted and implemented by the Colorado Party during the past eight decades of its government

Peña’s victory means that the Colorado Party will continue to govern Paraguay, which has been in power for almost eight decades and is tainted with graft allegations

Presidential and parliamentary elections are set to be held in Paraguay on April 30. The ruling Colorado Party is facing a stiff challenge from an opposition alliance called the Coalition for a New Paraguay