Continued economic deterioration during the government of Porfirio Lobo has led businessmen to prefer the leftist opposition candidate over the ruling party man.
An article in Elnuevoherald.com reports that Adolfo Facussé, president of the National Association of Manufacturers, said that the current government "... is an economic disaster, giving out money in political campaigns, increasing public administration and making unnecessary tenders which are not very transparent".
Maybe it's just paper and ink. There are allegations of corruption that should be clarified by the justice department, but the objective facts of Panamanian reality do not match the poor results from opinion polls on the Martinelli administration.
Laura Chinchilla will head an administration that will continue Oscar Arias’ work, although with differences due to her distinct personality.
An inspection of her cabinet leaves no doubt that Chinchilla will assume continuity policies. Some of its ministers belonged to Arias’. Others served with Figueres Olsen in 1994-1998, and many are very close to her.
The difficult job of overcoming the economic crisis will have a very eclectic guide who will combine big state projects with the drive of private enterprises.
The economic maneuvering announced in new Ricardo Martinelli’s inaugural address, will have four main axes: The construction of the Metro and the completion of big public works projects that are already underway, along with the maintenance of the momentum of the construction industry after completing the expansion of the Canal. A social policy that includes the use of subsidies for the construction of housing projects. A Ministry has been created for the promotion of small and medium sized businesses. Finally, opening the Panamanian economy to more international trade through more free trade agreements.
In Central America, Antonio Saca is first (66%), followed by Oscar Arias (49%), Martín Torrijos (48%), Álvaro Colom (45%), Daniel Ortega (38%), Manuel Zelaya (25%).
A ranking by Consulta Mitofsky compares the approval ratings of 18 presidents of the Americas, led by Brazilian President Luiz Inácio Lula da Silva with a 70% approval rating, followed by Alvaro Uribe of Colombia (69%), and Felipe Calderón of Mexico (68%).
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467