Paraguayan President-elect Fernando Lugo, a former Catholic bishop, is the newest member of Latin America's growing list of left-wing leaders. He faces serious challenges in a country that, until his inauguration on August 15, will have been ruled by a single party for 61 years. Paraguay ranks below Libya and Iran in Transparency International's 2007 Corruption Perception Index and ranked as Latin America's least competitive economy in the 2007 Global Competitiveness Index. In Lugo's favor is an economy that expanded 6.8% last year, the highest rate since 1981, fueled by high commodity prices.
Pages to are hidden for
"PARAGUAY JOINS THE LEFTIST CLUB"Please download to view full document