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Paraguay

Yearbook 1998

Paraguay. This year's political events in Paraguay revolved around retired General Lino Oviedo, who was the leader of a failed military uprising in April 1996 and who is now running for May 10 presidential election. Before that, however, he had been sentenced to 10 years in prison for his role in the uprising, and his candidacy was annulled. His party, Partido Colorado (ANR-PC), then nominated in his place vice presidential candidate Raúl Cubas, who won the election with 54% of the vote before opposition alliance Alianza Democráticas (AD) candidate Domingo Laíno.

1998 Paraguay

In practice, Partido Colorado, the country's traditional holders of power, is divided into at least three factions that act as individual, competing parties but join forces in electoral movements to guarantee the party's continued power holdings. According to Countryaah, Former President Juan Carlos Wasmosy's faction (Acción Democrática Republicana, ADR) and party leader Luís María Argaña's faction (Movimiento de Reconciliación Colorado, MRC) oppose Cubas and Oviedo (Unión Nacional de Colorados Éticos, UNACE). Among other things, they threaten with national law against Cubas after he dissolved the military tribunal that sentenced Oviedo and for giving him amnesty.

Important issues ahead of 1999 are continued privatization, budget cuts and a reform of the banking system, which in September was in acute crisis for the fifth time in three years.

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