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Santiago Peña takes office as president of Paraguay, promises prosperity and international presence

Santiago Peña takes office as president of Paraguay, promises prosperity and international presence
Photo: AP

August 16|

Economist Santiago Peña took office on Tuesday as Paraguay’s new president with a promise to promote prosperity for all in his country and lead the South American nation to become a protagonist on the international scene.

Peña, 44, became the youngest president since the return to democracy and maintains the continuity in power of the conservative Colorado Party in Paraguay, a country that has faced allegations of corruption in the spheres of power and is the last South American nation to maintain diplomatic relations with Taiwan.

“Success is to make all Paraguayans better off and for the world to witness the resurgence of a giant,” the new president said at a ceremony in the Paraguayan capital.

The inauguration ceremony was attended by leaders from neighboring countries, including Luis Inácio Lula da Silva of Brazil, Alberto Fernández of Argentina and Gabriel Boric of Chile, to whom he said he will seek to make Paraguay a key country for South American integration, and will therefore seek to improve the functioning of the Mercosur sub-regional bloc.

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The ceremony was also attended by the King of Spain, Felipe VI, and the Vice President of Taiwan, William Lai, who traveled to Paraguay as part of a tour that will also take him to San Francisco and New York, at a time when China is seeking to increase the isolation of the autonomous island.

Regarding Taiwan, Peña said that their relationship is a sign of Paraguay’s policy of “alliances and cooperation with a geostrategic vision”.

Paraguay is one of 12 countries that still maintain diplomatic relations with Taiwan, mostly small and poor nations in Africa and the Caribbean.

“At the international level three global challenges generate geopolitical tensions: access to water, food security and energy sufficiency,” he said. “Paraguay being a power in those three major issues, we are called to be protagonists in the concert of nations.”

On the local level, he noted that his commitment is to “build a society where everyone can prosper,” he said, and pledged to generate at least 500,000 new jobs. In Paraguay, poverty reaches 24% of the little more than seven million inhabitants.

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Peña is a US-trained economist who worked for the International Monetary Fund.

In recent months, the issue of corruption in power circles has shaken the South American country. The United States accused former president Horario Cartes (2013-2018) of corruption and froze his assets. Cartes, considered Peña’s political “godfather”, owns a conglomerate of companies ranging from tobacco to cattle ranching and large media outlets, and has denied the charges.

In his speech as new president, Peña thanked Cartes, current president of the Colorado Party, for what he called his perseverance “in building consensus and seeking agreements over differences”.

On corruption, Peña said he had “the conviction” that it is solved “with an independent, impartial and fast justice, with sufficient resources to ensure an adequate and homogeneous administration throughout the national territory”.

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International

Mexico City Mayor Invites U2 to Perform at Iconic Zócalo Plaza

Irish rock band U2, which spent Tuesday and Wednesday filming a new music video for its song Street of Dreams in the Historic Center of Mexico City, received an invitation to perform at the capital’s iconic Zócalo square from Mayor Clara Brugada.

Brugada shared the invitation through social media posts accompanied by photos and a video showing her meeting with the band members.

“This is an invitation for you to perform in our wonderful public square, the Zócalo. You are welcome here, and we would love to have you,” Brugada said in the video while handing a document to Bono, the band’s lead singer.

Bono responded by saying that the group would like “to begin its new tour in Mexico City.”

Referencing one of the band’s most famous songs, In the Name of Love, Brugada said she was greeting Bono along with The Edge, Adam Clayton and Larry Mullen Jr..

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“Welcoming U2 to our capital means celebrating music, connection and the emotion that can be felt in every corner of this city,” Brugada wrote in one of her messages. “We are a city open to the world, vibrant and full of stories shared from the stage to the streets.”

She also described the Zócalo as “the country’s most important public square” and a cultural landmark for Latin America.

Over the years, the Zócalo has hosted massive concerts by internationally renowned artists and bands including Roger Waters, Paul McCartney, Manu Chao, Café Tacvba, Los Fabulosos Cadillacs, Los Tigres del Norte, La Maldita Vecindad, Silvio Rodríguez, Joan Manuel Serrat, Rosalía and Shakira, drawing hundreds of thousands of fans.

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International

Marco Rubio Urges China to Help Restrain Iran Amid Gulf Tensions

Marco Rubio said Wednesday that Washington hopes to persuade China to take a more active role in stopping Iran from escalating tensions in the Persian Gulf, arguing that the crisis directly threatens Asian commercial interests.

“It is in China’s interest to resolve this situation. We hope to convince them to play a more active role in getting Iran to stop what it is doing now and trying to do in the Persian Gulf,” Rubio said during an interview with journalist Sean Hannity on Fox News while traveling aboard Air Force One.

The top U.S. diplomat said the conflict and concerns over the possible disruption of the Strait of Hormuz have already affected China’s interests.

Rubio noted that “a Chinese cargo ship was struck over the weekend,” referring to the exchange of attacks reported last Friday between Iran and the United States.

The remarks come amid growing international concern over rising tensions in the region and the potential impact on global trade routes and energy supplies.

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Trump floats Vance-Rubio potential Republican ticket for 2028 election

U.S. President Donald Trump suggested on Monday that Vice President JD Vance and Secretary of State Marco Rubiocould potentially form a Republican presidential ticket for the 2028 elections.

Speaking during a dinner with law enforcement officials as part of National Police Week, Trump publicly praised both officials and said they could make “an ideal team” for the next presidential race.

“Who likes JD Vance? Who likes Marco Rubio?” Trump asked attendees before adding that the pair “sound like a good combination.”

The president highlighted his vice president’s performance in office, stating that their current partnership has been highly effective. “JD is perfect, that has been a perfect formula,” Trump told reporters later.

He further suggested that a Vance-Rubio pairing could represent a strong presidential and vice-presidential ticket, although he stopped short of offering any formal endorsement.

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“I think it sounds like a presidential candidate and a vice-presidential candidate,” he said, while clarifying that his remarks should not be interpreted as an official backing of any future campaign.

So far, neither Vance nor Rubio has publicly confirmed any intention to run in the 2028 presidential election.

Rubio previously sought the Republican nomination in 2016 but withdrew after losing the primary race to Trump. Later, in a December 2025 interview with Vanity Fair, he said he would be among the first to support Vance if he decided to run for the White House.

Vance, meanwhile, has recently dismissed speculation of any political rivalry with Rubio amid growing discussion about potential future GOP leadership.

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