President of Paraguay Mburuvichá Roga, also in Asunción. Once Presidents leave office, they are granted by the Constitution of Paraguay the speaking-but-non-voting position of Senator for life. The current President of Paraguay is Mario Abdo Benítez, since 15 August 2018. President of Paraguay The President of Paraguay (), officially known as the President of the Republic of Paraguay (), is according to the Constitution of Paraguay the head of the executive branch of the Government of Paraguay, both head of state and head of government. His honorific title is "Excelentísimo Señor". Under the 1992 constitution, the President is limited to a single five-year
Economy of Paraguay half, the Chaco, virgin forest is lost to cattle ranching at an annual rate of more than 200.000 hectare (2008). Sustainable wood cultivation is now on the increase. The fishing industry in Paraguay exists almost solely to meet domestic demand. Unlike many South American countries, Paraguay has few mineral resources and very little history of mining success. Foreign companies have explored Paraguay in recent years, searching for overlooked mineral deposits. Small extraction projects exist, seeking lime, clay, and the raw materials necessary to make cement, but the country's iron and steel manufacturers must import raw materials from neighboring countries. In