IBOV 206,887.52 ▼ 1.04% IPSA 10,974.58 ▼ 0.62% IPC MEX 66,746.78 ▲ 1.06% MERVAL 2,883,107 ▲ 1.95% COLCAP 2,555.55 ▲ 0.96% BVL PERÚ 60,645.95 ▼ 0.68% USD/BRL5.03▲ 0.77% USD/MXN18.38▲ 0.66% USD/CLP981.58▲ 0.48% USD/COP3,181▼ 0.69% USD/PEN3.43▼ 0.33% USD/ARS1,513▼ 0.28% USD/UYU40.18▲ 3.25% USD/PYG5,691▲ 3.46% USD/BOB11.64▲ 1.34% USD/DOP61.13▲ 0.58% USD/CRC449.11▲ 1.58% USD/GTQ7.63▲ 3.05% USD/HNL26.87▲ 3.33% USD/NIO36.62▲ 2.72% USD/VES874.61▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.59% EUR/BRL5.63▲ 1.16% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,887.52 ▼ 1.04% IPSA 10,974.58 ▼ 0.62% IPC MEX 66,746.78 ▲ 1.06% MERVAL 2,883,107 ▲ 1.95% COLCAP 2,555.55 ▲ 0.96% BVL PERÚ 60,645.95 ▼ 0.68% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, October 13, 2026

Paraguay Latin America

Paraguay Vice President Defies Cartes on 13 October

By · October 13, 2026 · 6 min read
Paraguayan flags in front of the glass and stone facade of the National Congress building in Asunción, framed by trees
Photo: FF MM / Wikimedia Commons (CC BY-SA 3.0)

PARAGUAY · POLITICS

Key Facts

  • —What is happening Paraguay’s Vice President Pedro Alliana told ABC Color on Tuesday, 13 October, that his 2028 presidential bid “remains firm,” after ABC Color and Última Hora reported that Horacio Cartes favours minister Juan Carlos Baruja instead.
  • —Why it matters The quarrel opens a rift inside the ruling Colorado Party, which defends Paraguay’s recognition of Taiwan rather than China, a tie Washington watches as it competes with Beijing for influence in South America.
  • —The numbers Cartes was president from 2013 to 2018, the US Treasury sanctioned him for corruption on 26 January 2023 and lifted the sanctions on 6 October 2025, and the next general election is due in 2028.
  • —Who is who Alliana is vice president; Cartes, a former president and businessman, chairs the Colorado Party and built its Honor Colorado faction; Baruja is housing minister; Santiago Peña, a Colorado economist, has been president since August 2023.
  • —What to watch Alliana will consult party leaders and commission polls before deciding his next steps after the end of the year, while Colorado governors seek talks with Cartes, Alliana and Peña; Cartes has not publicly confirmed any preference.
  • —What it means for you Nothing changes soon for US travellers and businesses, since Peña’s term runs until August 2028, but banks and investors with ties to Cartes’s business group follow any shift in his influence.

Paraguay’s vice president, Pedro Alliana, said on Tuesday, 13 October, that he will not abandon his bid for the presidency. He spoke after reports that Horacio Cartes, the ruling party’s most powerful figure, now favours a cabinet minister instead.

The Paraguay vice president told the Asunción daily ABC Color on Tuesday that he will not quit the race for 2028. He said he had heard a great deal of noise about Cartes backing someone else, but nothing official.

Cartes, a former president once sanctioned by the US Treasury for corruption, chairs the ruling Colorado Party. The rift matters beyond Paraguay because the country is one of the few that recognise Taiwan rather than China.

What Alliana Said on Tuesday

ABC Color and Última Hora both reported that Cartes favours Juan Carlos Baruja, the minister of urbanism, housing and habitat. Alliana told ABC Color that officially he had received nothing, only “a lot of noise.”

Asked whether he would give up his ambitions, the Paraguay vice president answered with a string of firm refusals. “My candidacy remains firm,” he said, according to the paper.

He said he would first consult party leaders and commission polls, then decide on next steps after the end of the year. He added that he would not launch “an adventure” without the support of the party’s leadership.

Alliana also said he had spoken briefly with President Santiago Peña after Peña met Cartes. Peña, a Colorado economist who took office in August 2023, laughed at the news and invited him to talk, Alliana said.

The vice president said he was still weighing possible running mates. He also said loyalty to Cartes should not be confused with blind obedience.

High-rise buildings of Asunción on the far bank of a wide river, with a small white boat, a ferry and cars at a riverside landing in the foreground
The Asunción skyline seen across the Paraguay River from Chaco’i, pictured in 2016. Photo: P. S. F. Freitas / Wikimedia Commons (CC BY-SA 4.0)

Allies Line Up Behind the Vice President

Raúl Latorre, president of the Chamber of Deputies, reaffirmed his public commitment to Alliana’s candidacy on Tuesday, both papers reported. He told Última Hora that the biggest tensions of the Asunción municipal campaign came from inside Honor Colorado itself.

Honor Colorado is the faction Cartes built inside the Colorado Party, and Peña won the presidency as its candidate. Latorre said he knew Peña and Cartes had met but lacked details of what they discussed.

Latorre praised Cartes for returning the party to power and described the faction as a family. “It is natural for the children to grow,” he said, adding that any split would be assessed if it came.

Última Hora also reported that César Sosa, governor of Guairá, pledged the Colorado governors’ support for Alliana after a council meeting. Sosa said the governors would seek talks with Cartes, Alliana and Peña that afternoon.

Sosa called Baruja “a great colleague” and wished him luck if he becomes the choice. The tone suggests the governors want to back Alliana without an open break with Cartes.

Why Horacio Cartes Matters to Washington

Cartes, a businessman whose group includes tobacco firms, was Paraguay’s president from 2013 to 2018. On 26 January 2023, the US Treasury sanctioned him for corruption and also designated four companies it said he owned or controlled.

The Treasury cited alleged monthly cash payments to loyal legislators and money used to buy votes for a constitutional reform. It said he kept influencing lawmakers after leaving office.

The Treasury removed Cartes and those companies from its sanctions list on 6 October 2025, OFAC records show. His lawyer, Pedro Ovelar, told Última Hora in July 2026 that a separate State Department “significantly corrupt” label had also been lifted.

That history explains why his role in choosing Paraguay’s next president draws attention in Washington. It also means any shift in his influence is followed by banks and investors with ties to his business group.

What It Means for US Readers

Paraguay recognises Taiwan rather than China, and its ruling Colorado Party has defended that tie. A split in that party matters to Washington, which competes with Beijing for influence in South America.

For investors, the dispute is about who leads the party, not economic policy, since all the rivals belong to the governing camp. No change of government is imminent, because the next general election is due in 2028.

For US travellers and businesses, nothing changes in the short term. Peña’s five-year term runs until August 2028, and the party quarrel does not affect his government’s authority.

What Is Not Known

Cartes has not publicly confirmed that he prefers Baruja, and Baruja has not announced a candidacy. Alliana himself said nothing official had reached him.

What Peña and Cartes discussed at their meeting has not been disclosed. The number of governors backing Alliana was given by only one outlet and is not confirmed by an official statement.

The State Department has not publicly confirmed his lawyer’s claim that its corruption designation was lifted. No US government statement on the dispute has been issued.

What Comes Next

Alliana said he would weigh polls and decide on his next steps after the end of the year. The governors said they would seek talks with Cartes, Alliana and Peña to keep the party together.

The dispute does not mean the Colorado Party has formally split or that the government faces a crisis. The date of the party’s primaries for 2028 was not given in Tuesday’s reports.

Frequently Asked Questions

Who is Pedro Alliana?

Pedro Alliana is Paraguay’s vice president, elected alongside President Santiago Peña in 2023. He wants to be the Colorado Party’s presidential candidate in 2028.

Who is Horacio Cartes?

Horacio Cartes is a businessman who was Paraguay’s president from 2013 to 2018 and now chairs the Colorado Party. The US Treasury sanctioned him for corruption in January 2023 and lifted the sanctions in October 2025.

Who is Juan Carlos Baruja?

Juan Carlos Baruja is Paraguay’s minister of urbanism, housing and habitat. Local reports say Cartes favours him as the ruling faction’s presidential candidate.

Are US sanctions on Cartes still in force?

No, the US Treasury removed Cartes from its sanctions list on 6 October 2025. His lawyer says a separate State Department corruption designation was also lifted, which Washington has not publicly confirmed.

When is Paraguay’s next presidential election?

Paraguay holds its next general election in 2028. President Peña cannot run again because the constitution limits presidents to a single term.

Sources: US Department of the Treasury, press release of 26 January 2023; ABC Color, Alliana interview; ABC Color, Latorre; Última Hora, Latorre; Última Hora, governors; OFAC, SDN list removals of 6 October 2025; Última Hora, Ovelar, July 2026 (all accessed 13 October 2026).

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