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September 26, 2017

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Conservative Varela officially named next president of Panama

PANAMA CITY--Conservative Juan Carlos Varela, the vice president who broke politically with President Ricardo Martinelli, was officially declared Panama's next president Sunday.

Varela, who was trailed by fellow conservative and Martinelli loyalist Jose Domingo Arias, was informed of his win by the electoral court after more than 60 percent of ballots were tallied.

"I thank you, and the beautiful people of Panama," electoral court chief Erasmo Pinilla quoted Varela as saying.

The 50-year-old rum manufacturer, known as a fervent Roman Catholic and member of the conservative church group Opus Dei, had a falling-out with Martinelli after the president dismissed Varela from his foreign minister post in 2011.

The move opened a political wound that has yet to heal. But now Varela can savor his political revenge from the presidential mansion.

Martinelli, a supermarket magnate, had been an outspoken supporter of Arias, a former housing minister and a businessman who made his fortune manufacturing ladies' undergarments.

Representing the Democratic Change party, Arias's running mate was Marta Linares — Martinelli's wife.

Juan Carlos Navarro, the 52-year-old former mayor of Panama City who represented the center-left Democratic Revolutionary party, acknowledged defeat.

The race was expected to be among Panama's tightest. Yet Varela had been running third and scored at least a touch of an upset.

In addition to picking a new president, the country's 2.5 million eligible voters were electing dozens of mayors and members of Congress.

Staying the Course

Lawyer and political analyst Ebrahim Asvat said that whatever the outcome of the vote, the country's course for the next quarter century already has already been mapped out.

Panama will continue to focus, he said, on free market policies that maximize economic expansion — the path forged by Martinelli, who is leaving office with a 67-percent approval rating.

"Panama has made an extraordinary effort to open up its economy, exercise fiscal discipline and none of the candidates is going to veer from that path," Asvat said.

The country enjoyed blistering growth of 8.5 percent last year, but economic inequality remains a major concern, with about 26 percent of citizens living in poverty.

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