Tight finish seen in Panama presidential election

Written By Unknown on Minggu, 04 Mei 2014 | 18.12

Sun May 4, 2014 1:00am EDT

  By Christine Murray and Elida Moreno      PANAMA CITY, May 4 (Reuters) - Panama's presidential  election on Sunday is expected to be the closest in decades, as  the opposition battles to deny outgoing President Ricardo  Martinelli the chance to maintain an indirect hold over the  booming Central American economy.      Recent polls show the three top candidates within a few  points of one another in a race pitting the current  administration, which oversaw a multi-billion dollar public  works drive, against challengers from both the left and right.      The winner will inherit oversight of a major expansion of  the Panama Canal, which briefly stalled earlier this year after  a row over costs between the canal and the building consortium.      Still, the campaign has focused more on personalities than  government policy, which is not expected to change dramatically  regardless of who emerges as the winner.      A banking and trading hub, Panama is best known for the  canal that links the Atlantic and Pacific Oceans. Accounting  directly for 8 percent of gross domestic product, it has helped  fuel the fastest growth in Latin America in the last few years.      Maintaining that performance will be a big challenge for the  next president, who the 62-year-old Martinelli openly insists  will be the former businessman and housing minister Jose Domingo  Arias of the ruling Democratic Change (CD) party.      Seen by opponents as a proxy for Martinelli, whom the  constitution bars from running again in 2014, Arias' running  mate is the president's wife, Marta Linares de Martinelli.      She has no formal political experience, but Arias has  dismissed suggestions she is not up to the job.      "You can choose between the representatives of old politics,  who always governed for their own privilege, or for those from  new politics who can take the country even further," Arias said  at a packed closing ceremony on Thursday.         An Arias win would make his party the first to gain  re-election since a U.S. invasion in 1989 to oust military  strongman Manuel Noriega, who has been behind bars ever since.      Running neck-and-neck with Arias is moderate leftist  challenger Juan Carlos Navarro of the Democratic Revolutionary  Party (PRD), a former mayor of Panama City.      Navarro is vowing to improve government transparency after  Martinelli had to fend off allegations that the infrastructure  contracts he handed out were tainted by corruption.      Just behind in third is the Panamenista Party's Juan Carlos  Varela, the center-right vice-president. He helped Martinelli to  win the presidency in 2009, but the two later fell out.      Martinelli, a supermarket tycoon who founded the CD 16 years  ago and had popularity rates of around 65 percent at the end of  2013, recently inaugurated the first metro in Central America in  Panama City. Rides are free until after the vote.      "He's been extremely able at doing things that people  believe are the things that a government should be doing," said  Felipe Chapman, chairman of Panama's stock exchange.      Panama's growth spurt has lifted living standards, and at up  to $624 a month, the minimum wage in Panama is among the highest  in Latin America. But it has not been enough to offset the bite  of inflation, which is keenly felt by much of the 3.7 million  population, around one in four of whom live in poverty.      The discontent has led to a nationwide construction strike  over pay since April 25. That has halted thousands of projects,  including work on the canal expansion, much to the annoyance of  Martinelli, who is president until July 1.       Inside El Chorrillo, a Panama City district built at the  turn of the century to house canal laborers, voters said it was  obvious Martinelli would not be far away if the CD won.      "They can't hide that the (first lady) wants to hold onto  power," said Cecilia Smith, a 65-year-old supporting Navarro. "I  grew up in this country and I've seen that people who have had  power have money, and those who haven't are worth nothing."     (Editing by Simon Gardner and Dave Graham; Editing by Nick  Zieminski)  
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