Jose Raul Mulino Wins Panama Presidential Election: Jose Raul Mulino has won Panama’s presidential election, earning almost 35% of the counted votes with more than 92% of the ballots counted. This is a big win for the 64-year-old former security minister. He now leads by 9% over his nearest rival, leading three of his closest opponents to admit defeat.
Jose Raul Mulino Wins Panama’s Presidential Election
This victory marks a significant political development in Panama. Jose Raul Mulino’s win comes after a tough election campaign, and his lead over other candidates signals a clear mandate from the voters. With his win, Mulino is set to become the next president of Panama, bringing about potential changes and reforms in the country’s governance.
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Mulino: From Vice Presidential Candidate to President
Originally, Mulino was selected as the Vice Presidential candidate by former President Ricardo Martinelli, who was initially running for President. However, after Martinelli was convicted of money laundering and received a 10-year prison sentence, he fled and sought political asylum in the Nicaraguan embassy in the capital. Mulino then stepped up to take Martinelli’s place as the Presidential candidate, gaining support from the Achieving Goals and Alliance parties.
Economic Challenges Ahead
The incoming president will face several economic challenges. Panama’s economy is expected to grow by 2.5% in 2024, but it still struggles with high-income inequality and a 10% unemployment rate. Moreover, a severe drought has affected traffic in the vital Panama Canal, and the country is dealing with high public debt and decreasing foreign investment.
Unlawful Immigration Causes Diplomatic Strain
Panama also deals with illegal migration, as many migrants try to pass through its jungles to get to the United States. This has caused problems between Panama and the U.S.
The System of Government in Panama
Panama’s government is elected by the people. The president leads the executive branch and is chosen directly by the citizens for a five-year term, with no possibility of re-election. Similarly, the vice president is directly elected and also serves a five-year term without the option of being re-elected. The National Assembly, which is Panama’s parliament, consists of 71 members who are elected directly by the people. They also serve a five-year term and can be re-elected.
About the Republic of Panama
Panama, located in Central America, serves as the connecting point between North and South America. Its most famous feature is the Panama Canal, an essential 82-kilometer (51-mile) artificial waterway that links the Pacific and Atlantic Oceans, crucial for global maritime trade.
The Panama Canal was under U.S. control until December 31, 1999, when it was handed over to Panama.
- Capital: Panama City
- Currency: Balboa
As Jose Raul Mulino takes office as president, he faces the significant challenge of addressing Panama’s economic issues, dealing with illegal migration, and managing diplomatic relations during his five-year term.
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