R. Evan Ellis for CEEP The article analyzes the security challenges in Paraguay and the government response under the administration of Santiago Peña. It argues that Paraguay, despite its strategic location and regional relevance, faces serious security problems due to organized crime, corruption and its role as a transit point for drugs and weapons. The country also serves as a hub for Hezbollah operations in the region. Keywords: Paraguay, security, organized crime, corruption, drug trafficking, Hezbollah.