Federico Franco was born in the city ofAsunción on 24 July 1962. He was married on 20 February 1982 to Emilia Alfaro, elected deputy of Paraguay for the period 2008–2013. He is the father of four children. Franco studied primary school in the Dominican Republic, its baseline were conducted at the National College of the Capital. His secondary education took place in the Apostolic College San Jose, all in Asunción. As for the tertiary level, he hoped to become a doctor so he entered the Faculty of Medical Sciences, National University of Asuncion. Upon completion of the coursework in 1986 he received the title of Surgeon with an overall average of 4.56 to 5.00. Then he obtained a graduate degree in Internal Medicine.
Medical career
The Franco family owns a hospital in the city of Fernando de la Mora, he and his brothers owned, staffed since its inception. During the period 1990–1991 he served as head of interns and residents 1CCM Hospital de Clinicas, also as head of emergency call, 1CCM. He was an instructor of medical semiology, head of National Guard Hospital and chief of internal medicine residents from the same place. He was also chief room of the National Hospital Medical Clinic and head of cardiology ward of the hospital. On 24 June 1991 was a member of the Paraguayan Society of Internal Medicine and member of the Executive Committee of the Paraguayan Society of Internal Medicine.
Political career
Federico Franco was governor of the Central department during the 2003–2008 period, for the Authentic Radical Liberal Party. 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 Franco ran for the vice-presidency under Lugo's ticket. He was critical of the presidency of Lugo, such as with the management of lands and the 2009 controversy about Lugo's son. Lugo was impeached on 21 June 2012 and removed from office a day later. The UNASUR expressed concerns that Lugo's removal amounted to a coup d'état, since Lugo had only two hours to prepare a defense. Federico Franco then became the new president, taking the oath of office an hour later. He completed Lugo's mandate, which lasted until August 2013.
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. After his departure from power, the new government blamed him for having plundered the state's resources through a vast system of corruption and clientelism organized around the Liberal Party. The former president was subsequently denounced by several of his political collaborators for misappropriations of public money made on his initiative. From 2008, when he took office in the government, to its exit of the power in 2012, his fortune increased by almost 750%.
