{"id":26498,"date":"2019-07-09T09:54:31","date_gmt":"2019-07-09T14:54:31","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=26498"},"modified":"2019-07-09T09:54:31","modified_gmt":"2019-07-09T14:54:31","slug":"cortizo-era-begins","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/cortizo-era-begins\/","title":{"rendered":"The Cortizo Era Begins"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Laurentino Cortizo, who came to power after promising a campaign to reactivate the economy, make constitutional reforms and make structural changes in several entities, assumed the presidency of Panama on July 1.<\/p>\n

Laurentino Nito Cortizo<\/a> Cohen, a member of the Democratic Revolutionary Party, won the presidential elections by a narrow margin at the beginning of May, concentrating nearly 33% of the votes. Cortizo’s electoral victory comes against a backdrop of Panama<\/a>‘s economic slowdown, since in 2018 the country’s Gross Domestic Product reported a 3.7% year-on-year growth, far from the increases of 11.3% and 9.8% reported in 2011 and 2012, respectively.<\/p>\n

See “Panama Has a New President<\/u><\/a>\u201d<\/p>\n

The expectations for Cortizo’s mandate to fulfill its promises are high, since one of its advantages is that in the National Assembly, 40 of the 71 deputies will be in his favor.<\/p>\n

Jorge Juan de la Guardia, president of the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), believes that “… for example, the agricultural, commercial and industrial sectors, as well as tourism, need a dynamic boost that allows them to contribute their full potential to economic growth, an aspect that generally demands conditions that ensure our local and international competitiveness, from whose hands comes foreign investment, necessary to generate all the jobs we need.<\/em>”<\/p>\n

The businessman adds that “… The separation of powers as a punctual definition of institutionalism; a complete independence of justice; the probity of officials, transparency and accountability on the part of the authorities, as well as honesty in the handling of public and private affairs, must be reinstated elements in the daily life of the country to recover a confidence that inspires all of us to perform with a sense of belonging and pride of nation.<\/em>”<\/p>\n

One of the negative situations that the new administration will have to face is that Panama has returned to the list of nations that need to be supervised in the process of implementing measures to prevent money laundering and the financing of terrorism that was issued by the Financial Action Task Force (FATF)<\/u><\/a>.
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    Laurentino Cortizo, who came to power after promising a campaign to reactivate the economy, make constitutional reforms and<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,44],"class_list":["post-26498","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nThe Cortizo Era Begins - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/cortizo-era-begins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cortizo Era Begins\" \/>\n<meta property=\"og:description\" content=\"Laurentino Cortizo, who came to power after promising a campaign to reactivate the economy, make constitutional reforms and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/cortizo-era-begins\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T14:54:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2019\/07\/nito-cortizo.png\" \/>\n<meta name=\"author\" content=\"Adrian Prozzo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Prozzo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/\"},\"author\":{\"name\":\"Adrian Prozzo\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/person\\\/6c118309f214f7da81db90c9905c5e69\"},\"headline\":\"The Cortizo Era Begins\",\"datePublished\":\"2019-07-09T14:54:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/\"},\"wordCount\":344,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/nito-cortizo.png\",\"keywords\":[\"Boca Chica Real Estate\",\"Boquete\",\"Boquete Real Estate\",\"buenaventura\",\"casco\",\"casco antiguo\",\"casco viejo\",\"coffee in panama\",\"estate homes in Panama\",\"move to panama\",\"offshore real estate\",\"Panama Offshore real estate\",\"Panama Papers\",\"Panama Real Estate\",\"Panama Real Estate Bocas del Toro\",\"relocate to panama\",\"Rum in Panama\",\"travel to panama\"],\"articleSection\":[\"News from Panama\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/cortizo-era-begins\\\/\",\"name\":\"The Cortizo Era Begins - 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