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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.

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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.

ganges securities limited (gangessecu) signs major deal ✌️【Investment Tools】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. 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.

ganges securities limited (gangessecu) signs major deal ✌️【Investment Tools】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. More controversially, Mulino has also vowed to shut down the Darién Gap, thetreacherous stretch of junglebeginning in Panama that’s become a main highway for migrants making their way to the US – a phenomenon that is fueling political chaos in the United States as Americans prepare for their own presidential vote this fall.

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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.

ganges securities limited (gangessecu) signs major deal ✌️【Investment Tools】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. There are seven other presidential candidates, including current Vice-President José Gabriel Carrizo, former President Martín Torrijos, and Rómulo Roux, another former minister under Martinelli. There is no presidential runoff in Panama and no minimum threshold to win, so an eventual victor could succeed with far less than majority support from the electorate.

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