14 Facts About Federico Franco

Luis Federico Franco Gomez was born on 24 July 1962 and is a Paraguayan politician who was President of Paraguay from June 2012 until August 2013.

Federico Franco is the brother of Julio Cesar Franco, senator and former chairman of Authentic Radical Liberal Party, and a former Vice President.

Federico Franco is former chairman of PLRA and was Governor of Central Department from 2003 to 2008.

Federico Franco was born in the city of Asuncion on 24 July 1962.

The Federico Franco family owns a hospital in the city of Fernando de la Mora, he and his brothers owned, staffed since its inception.

Federico Franco was an instructor of medical semiology, head of National Guard Hospital and chief of internal medicine residents from the same place.

Federico Franco was chief room of the National Hospital Medical Clinic and head of cardiology ward of the hospital.

The party discussed in 2008 if they should support the ticket of Lugo in the presidential election or share the candidacy with him; the second option prevailed and Federico Franco ran for the vice-presidency under Lugo's ticket.

Federico Franco was critical of the presidency of Lugo, such as with the management of lands and the 2009 controversy about Lugo's son.

Federico Franco then became the new president, taking the oath of office an hour later.

Federico Franco served the balance of Lugo's term, which lasted until August 2013.

Federico Franco was barred from running for a full term in 2013; the Constitution does not allow a president to run for reelection even if he serves a partial term.

Federico Franco promptly resumed stalled negotiations with Rio Tinto Alcan over a $4 billion aluminum plant and approved sales of genetically modified soy beans from Monsanto.

In spite of its brevity and of the initial good economic situation of Paraguay, the presidential management of Federico Franco was characterized by the significant increase of the financial deficit of the country.