Santiago Pena wins Paraguay election keeping rightwing party in power

Economist and former finance minister Santiago Pena celebrates the general election victory at the rightwing Colorado party's headquarters in Asuncion, Paraguay.

Sixty-year-old challenger Efrain Alegre of the Concertacion center-left coalition garnered nearly 27.5 percent despite having gone into the vote with a narrow lead in opinion polls.

The outcome bucked a recent anti-incumbency trend in Latin American elections with voters repeatedly punishing establishment parties, often in favor of leftist rivals.