ASUNCION (Reuters) - Paraguay’s business-friendly ruling party performed better than expected in Sunday’s Senate election, losing fewer seats than polls had projected and ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Abdo, a 46-year-old marketing expert, campaigned on a promise to continue the business-friendly policies of outgoing President Horacio Cartes and he played down any fears of a return to the heavy-handed past of dictator Alfredo Stroessner, who ruled from 1954 to 1989.
Colorado Party candidate Mario Abdo Benítez is elected President of Paraguay.