Panama Offshore Legal Services Blog

How Panama is poised to evolve past post-corruption problems

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Panamanian political groups, state-run organizations, and politicians have had a rough go at shaking the “corruption” label over the past few years, and it shows. People are upset, people are tired of feeling scammed, people want a change, and they’re taking action to do something about it. Corruption was the main focus (again) during the 2019 election campaign season, and will be a prime area of focus for Panama’s new president, Laurentino “Nito” Cortizo. This year, Panamanian voters showed strong support for an independent candidate who promised to separate his administration from the groups who’ve betrayed the citizens in the past. Much of the Cortizo vote, in fact, was a sort of referendum on the corruption allowed by Ricardo Martinell’s party (CD) even. The signs are there. If Panama’s government doesn’t actively push out corruption, or the perception/fear of corruption, they will not be able to reach their full potential.
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Cortizo Wins Highly Contested Panama Presidential Election

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In what seemed to be a relatively mild and scandal-free campaign season leading up to the 2019 elections, Panama has voted and chosen a new president. That president, elected by just over a third of Panama’s voters, is Nito Cortizo. While not a particularly radical change, it does mark the return of Panama’s PRD party, which many believed would happen after 5 years of Varela’s Panamenista party in power. The election comes at a time where Panama’s general public opinion of their leadership is at a low, with the main focus on Varela’s various disappointments and the overall culture of corruption within the presidency and congress. It’s because of this public sentiment that this election almost slipped away from the traditional party brokers, too. Here’s why.
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