Panamanians went to the polls Sunday and overwhelming elected Ricardo Martinelli as president in one of the biggest landslides in Panama's history. Just a short year ago the current PRD government looked like they were a lock to win a second 5 year term in the presidency. However, deteriorating economic conditions, rising crime and a growing backlash to perceived corruption made the PRD vulnerable. Mr. Martinelli took advantage of these weaknesses and ran an effective campaign that resulted in a sweeping victory.
Last week, the Bookings Institute published a very insightful analysis of the election and I think it is an accurate depiction of the political realities here in Panama.
Mr. Martinelli is a successful businessman and he understands the current economic climate. I believe his election will bring a positive change to Panama.
Congratulations to Mr. Martinelli and his Alliance for Change party. Panama faces many challenges in the coming years and we wish him all the best.
