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“It’s a very important election, the most important since after the US invasion” in 1989, said Daniel Zovatto, a global fellow with the Latin America Program at the Wilson Center, a think tank.

“The situation is very complex and the next president, whoever is elected, is going to have an agenda overloaded with problems in a country that is very polarized and undergoing a lot of political tension and uncertainty,” he added.

why is vardhman holdings limited (500439) rising ✌️【Free Access】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. At stake is the financial stewardship of a country of 4.4 million people, which is facing high inflation and a stagnating economy that has led to widespread unease. Water access will also factor high into voter’s minds, analysts say: droughts exacerbated by El Nino have made access to potable water scarce in some regions and reduced the capacity of thePanama Canal, a centerpiece of the country’s GDP.

Once a GDP leader in the region, Panama’s economy has slowed dramatically in recent years, with the IMF forecasting GDP growth of only 2.5 percent this year, down from 7.3 percent last year. In March, credit agency Fitch downgraded Panama’s rating to junk status citing “fiscal and governance challenges” that followed a controversial decision to close the country’s largest mine last year.

why is vardhman holdings limited (500439) rising ✌️【Free Access】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. Among the favorites, José Raúl Mulino, a rightwing former public security minister, has pledged to return the country to its economic heyday and totackle high unemploymentwith a plan to incentivize private hiring with government funds.

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For Panamanian voters, corruption is top of mind as they head to the polls, according to recent Gallup polling, followed by unemployment, unsatisfactory medical care, and the cost of living.

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Once the favorite to win this year’s presidential race, Martinelli was disqualified from running by Panama’s electoral court in March because of the conviction and sentence. Mulino, who had been Martinelli’s running mate, then took over the ticket for the Achieving Goals party.

But Mulino’s candidacy was challenged as well and under judicial review until just days before the election, injecting uncertainty into the race. On Friday, the country’s Supreme Court decided that Mulino’s candidacy was constitutional and therefore could proceed.

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