Last updated: September 19. 2013 12:41AM - 406 Views
Associated Press

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(AP) Paraguayan President Horacio Cartes is one of the richest men in one of the poorest countries, and speaks from experience when he says the wealthy must do more to combat poverty.

In an Associated Press interview, Cartes said Wednesday that he'll model Paraguay on Chile, creating "a serious country" where investors can count on future profits. He justified using the military against leftist guerrillas, saying a lawless part of the county must be recovered before the poor can be helped.

The banker and tobacco magnate inherited a government so bankrupt that doctors and teachers haven't been paid. He has to buy his own fuel to travel. But a package of laws he's pushing will tax commodity profits for the first time in Paraguay, spreading the wealth where it's needed most.

Associated Press
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