Panama presidential elections 2014
Panama has chosen a new president in Juan Carlos Varela. The incumbent Vice-president will step into the new role come July 1.
- He was declared the winner in primarily 3-cornered contest beating his chief rival and incumbent President's candidate Jose Domingo Arias.
- He bagged almost 40 percent of votes as compared to 32 percent of former housing minister Arias.
- Juan Carlos Navarro gave a good fight by cornering 27 percent of votes.
- In total, there were 7 presidential aspirants in fray.
- Varela is the deputy of outgoing president Ricardo Martinelli.
- Both were friends until Varela decided to thwart Martinelli attempt to seek another term through referendum.
- For this the president had him dismissed as as foreign minister (an additional role).
- Since Martinelli could not seek successive term he wanted a hand-picked successor (Arias) to fill in his boot.
- Its notable that in previous election Varela had withdrew his candidacy in support of Martinelli helping him win in exchange for a vice-president chair for himself.
About the country
- Its the southernmost country of North America.
- Panama has the second largest, also the fastest growing, economy in Central America.
- A banking and trading hub, Panama is best known for the canal that links the Atlantic and Pacific Oceans.
- A major chunk of its GDP comes from revenue generated by Panama Canal.
- Area: 75,517 square km (size of Jharkhand)
- Population (2013): 36 lacs (size of Tripura)