Former President Julio Maria Sanguinetti, 59, begins a new five-year term with his inauguration Wednesday. He will succeed President Luis Alberto Lacalle of Uruguay's Blanco Party.
Sanguinetti's economic plan is not expected to bring any major departure from Lacalle's free-trade and market-oriented policies. But he has promised relief measures for Uruguayan industry and agriculture as they face foreign competition in the Mercosur free-trade zone with Argentina, Brazil and Paraguay.
A member of the Colorado Party, Sanguinetti won a close, three-way election Nov. 26. He previously served as president from 1985 to 1990.