Panama presidential elections 2014

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Panama has chosen a new president in Juan Carlos Varela. The incumbent Vice-president will step into the new role come July 1.

The Results

  • 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.

Key Points

  • 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) 
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