Luis Federico Franco Gómez (born 24 July 1962) is a Paraguayan politician who was President of Paraguay from June 2012 until August 2013.

He is the brother of Julio César Franco, senator and former chairman of Authentic Radical Liberal Party, and also a former Vice President.

He was an instructor of medical semiology (1991–1992), head of National Guard Hospital (1994–1996) and chief of internal medicine residents from the same place.

[6] Franco also promptly resumed stalled negotiations with Rio Tinto Alcan over a $4 billion aluminum plant and approved sales of genetically modified soy beans from Monsanto.

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.

[9] The former president was subsequently denounced by several of his political collaborators (one of whom himself was sentenced to 6 years in prison for corruption) for misappropriations of public money made on his initiative.