Why does this election matter?
The upcoming presidential election in Panama holds significant importance due to the political crisis surrounding it. This crisis has added to the existing uncertainty in the country, which is already grappling with drought and fallout from widespread protests.
Former President Ricardo Martinelli, a key figure in the election, was disqualified from running after being sentenced to 10 years for money laundering. Despite his conviction, he remains a popular figure. His running mate, José Raúl Mulino, has stepped in to take his place, generating support from Mr. Martinelli’s followers.
The election is also occurring against a backdrop of dissatisfaction with the current political establishment, as the incumbent president, Laurentino Cortizo, faces low approval ratings and corruption scandals. This discontent has been further fueled by recent protests against a controversial mining contract.
The political conflicts and social unrest in Panama have impacted the country’s attractiveness to foreign investors, a critical aspect for its economy. Recent events have led to a downgrade in Panama’s credit rating, and the closure of a major mine has resulted in a projected decline in GDP growth.
Who is running?
Eight candidates are vying for the presidency, including key figures like José Gabriel Carrizo, Martín Torrijos, Rómulo Roux, and Ricardo Lombana. Each candidate brings their own unique background and vision for the country.
What are the main issues?
The next president of Panama will face a range of challenges, from fiscal and environmental issues to migration and corruption concerns. The country’s pension system, economic structure, and environmental sustainability are among the pressing issues that need attention.
Environmental challenges, such as a drought affecting the Panama Canal, and the humanitarian crisis of migrants passing through the Darién Gap, further complicate the situation. Corruption, highlighted by scandals like the “Panama Papers” and Odebrecht bribery cases, remains a persistent issue.
Who is expected to win?
Current polls indicate that José Raúl Mulino is leading the race, with a significant margin over his closest competitors. However, uncertainties remain regarding his ties to Ricardo Martinelli and the potential implications of his victory.
Legal challenges to Mr. Mulino’s candidacy add further complexity to the election process, with the Supreme Court yet to make a final ruling on the matter.
When will we learn the result?
The Electoral Tribunal is expected to release informal election results on the day of the election, with the winner likely to be announced that same night.
