Panama is gearing up for a general election where eight candidates are competing for the position of president, with Jose Raul Mulino leading in the polls. Mulino, a protege of former President Ricardo Martinelli, has promised to restore the economy to its former glory and tackle corruption. However, the election is not expected to result in a single party gaining control of the legislature, with 885 seats up for grabs.
The polls are open for eight hours, with more than three million voters eligible to cast their ballots. Former President Martinelli, barred from running due to a money laundering conviction, has been actively campaigning for his running mate Mulino. Romulo Roux and former President Martin Torrijos are also top contenders, along with Ricardo Lombana and current Vice President Jose Gabriel Carrizo. The winner of the election does not require a run-off and will take office on July 1.
Mulino’s campaign has resonated with voters who are tired of the political establishment in Panama, which has faced mass protests in recent years. One of the major issues that has sparked unrest is a controversial contract awarded to Canadian miner First Quantum for the Cobre Panama copper mine, which critics say has endangered the environment and water supply. The contract was ruled unconstitutional by Panama’s top court in November, leading to backlash against lawmakers who supported it.
Corruption is a key issue for voters in Panama, with reports of lucrative student loans and scholarships being granted to the children of politicians and wealthy families. The next government will have to address challenges such as a troubled pension fund system, high levels of public debt, and the loss of income from the closure of the Cobre Panama mine. The election is seen as a crucial opportunity for the country to address these pressing economic issues and restore its reputation as an investment-friendly haven.
Campaigns have pledged to ensure a fair election by sending volunteers to oversee the voting process. The outcome of the election will determine the future of Panama’s economy and political landscape, with the elected president serving as both head of state and prime minister. With the country facing significant economic challenges and widespread public discontent over issues such as corruption and environmental concerns, the new government will have its work cut out for them in addressing these pressing issues and restoring confidence among the Panamanian people.
