Santiago Pena, conservative presidential candidate for the ruling Colorado Party, appears to have secured victory in Paraguay's presidential election, with a 16-point lead over his center-left rival Efrain Alegre after over 96% of votes have been counted. Anti-establishment challenger, Paraguayo Cubas, followed in third place. The result also saw the Colorado Party and right-wing party candidates performing well in congressional elections and governorships, leading to a historic Colorado majority in provinces over opposition rivals. However, a larger-than-expected share of the vote for Paraguayo Cubas reflected wider support for anti-establishment candidates in Latin America as a whole. Pena now faces the task of steering Paraguay's farm-driven economy, downsizing a major fiscal deficit, and balancing pressure from soy and beef producers to align with China's markets. The election result highlights the Colorado Party's dominance, which has held power for all but five of the last 75 years despite rising discontent over corruption allegations and the economy. The conservative party is bullish about its future, with Pena promising "social peace, dialogue, fraternity, and national reconciliation" in his victory speech.