The private secretary of Paraguayan President Horacio Cartes, Dario Fiatiga, speaks to the press after presenting the letter of resignation of Cartes as president so he can take his seat as senator, in Asuncion May 28, 2018. (AFP / Norberto DUARTE)
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Horacio Cartes resigned from the presidency of Paraguay Monday -- a long-expected step that paves the way for him to take a Senate seat.Cartes' five-year term ends in August and Paraguay's constitution says former presidents automatically become senators for life, with a voice but without a vote.Before becoming president, Cartes added to a family fortune with two dozen companies that dominate industries from banking to tobacco to soft drinks to soccer, making it difficult to make a move as president without generating complaints of conflicts of interest.Paraguayan voters overlooked the allegations, focusing on hopes that the Cartes would help boost the economy of one of South America's most unequal nations.
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