LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

February 13, 2023

What Do Graft Claims Mean for Paraguay’s Politics?

The U.S. Treasury last month sanctioned former Paraguayan President Horacio Cartes (pictured) and the country’s current vice president, Hugo Velázquez, over corruption allegations. // File Photo: Paraguayan Government.

Q

A

Gerardo Ramón Ruiz Godoy, partner at PCG Auditores–Consultores “The accusations of corruption that the U.S. government made against Paraguayan Vice President Hugo Velázquez and the current president of the National Republican Association, or Colorado Party, Horacio Cartes, deeply affected public opinion, but in different ways. Part of the public, including business and industrial unions, seems to be indifferent to the accusations while another important part considers that they could affect the chances of Santiago Peña, the Colorado Party’s candidate for president. Even the economic sanctions that the U.S. Treasury imposed on Cartes and some of his companies have effectively caused uncertainty among some leaders about the scope of the economic sanctions and the possibilities that the Colorado Party can access bank financing with Horacio Cartes as its president. What is certain and concrete is that…”

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