PANAMA CITY: Panama’s new president Laurentino Cortizo took office on Monday (Jul 1) faced with the task of sprucing up his corruption-tainted country’s image and reviving a floundering economy.
Cortizo was sworn in at a ceremony attended by Latin American leaders and Spain’s King Felipe VI at a Panama City convention center overlooking the Pacific.
A 66-year old Social Democrat, Cortizo narrowly won the May 5 presidential election against right-wing candidate Romulo Roux.
Cortizo used his inauguration speech to announce he would later this month create a special unit to “coordinate all actions to remove Panama from, and keep it off” corruption and money-laundering watchlists.
He also pledged to