Correct Answer : José Raúl Mulino
José Raúl Mulino has emerged victorious in Panama’s presidential election, securing nearly 35% of the counted votes with over 92% of the ballots tallied. The 64-year-old former security minister has gained an unassailable 9% lead over his nearest rival, prompting three of his closest opponents to concede defeat.
Mulino: From Vice-Presidential Candidate to President :
Initially,
Mulino was chosen as the
Vice-Presidential candidate by former
President Ricardo Martinelli, who was the initial Presidential candidate. However, after Martinelli’s conviction for money laundering and subsequent 10-year prison sentence, he fled and sought political asylum in the Nicaraguan embassy in the capital. Mulino stepped in to replace Martinelli as the Presidential candidate, garnering support from the Achieving Goals and Alliance parties.
Economic Challenges Await :
The newly elected president will inherit an economy facing various challenges. Panama’s economic growth is projected to reach
2.5% in 2024, while grappling with high income inequality and an unemployment rate hovering around
10%. Additionally, a severe drought has impacted traffic in the economically crucial Panama Canal, and the country faces high public debt and declining foreign investment.
Illegal Migration and Diplomatic Tensions :
Panama also grapples with the issue of illegal migration, as a significant number of migrants attempt to cross through its jungles en route to the United States. This ongoing situation has caused diplomatic tensions between Panama and the U.S.