Panama » Politics

History of Panama witnessed the four sequential elected civilian governments. Panama as a Central American nation has made extraordinary political and financial improvement. That advancement was made after the United States military involvement in 1989. The whole regime of General Manuel Noriega was ousted as a result of this military involvement. 

The current president of Panama, Mr Martin Torrijos was elected in May 2004. Mr Martin Torrijos is a leader of the Democratic Revolutionary Party (PRD). He was inaugurated to a five year term in September 2004. Mr Martin Torrijos is a son of former popular leader General Omar Torrijos. Mr. Torrijos won a decisive election victory with almost 48% of the vote. For men contested in this election as a whole. 

Terrijos electoral coalition also earned total popular seats in the unicameral Legislative Assembly.  The major challenges faced by the Torrijos government were:

• Handling funding deficits of the social security fund of the country
• Formulating plans for the expansion of the Panama Canal
• Fighting for unemployment
• Poverty

In April 2006, the government of Panama unveiled its ambitious plans to build a third lane and new set of locks that will double the Canal’s capacity.

Government of Panama called for a referendum on the matter of Panama Canal enlargement. 78% of the voters affirmed the expansion plan of the Panama Canal. The work on the Panama Canal plan was authoritatively started in September 2007. The economic system of Panama is flourishing. The economic system of Panama is for the most part serviced based. But there is a great difference between the rich and poor.

The United States has close relations with Panama. This connection was arisen when the Panama Canal was under United States command. At that time major United States military facilities was hosted by Panama.