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Landslide election victory in Panama for Ricardo Martinelli

nrt/ch AP, ReutersMay 4, 2009

Conservative candidate Ricardo Martinelli has won Panama's presidential elections, promising to guide the country through the world economic crisis and an ambitious expansion of the Panama Canal.

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Ricardo Martinelli appeals for national unity during his victory speech in Panama CityImage: AP

The win by Martinelli, of the opposition Alliance for Change, marks a rare center-right election triumph in a region that has seen a wave of leftist leaders.

Electoral Tribunal President Erasmo Pinilla called Martinelli the "indisputable winner" after preliminary results Sunday showed him with 61 percent support and ruling-party candidate Balbina Herrera with 37 percent.

In a parallel parliamentary vote on Sunday, Herrera's PRD appears to have won a majority in the 71-seat Congress, creating an opposition that could complicate Martinelli's rule.

Martinelli, who owns Panama's largest supermarket chain, said he would work for a national unity government.

"We can't continue to have a country where 40 percent of Panamanians are poor," he said in a victory speech.

His win means that Martinelli will get to oversee a massive 5.25-billion-dollar (3.94 billion euros) project to expand the congested Panama Canal.

The 80-kilometer inter-oceanic waterway handles an estimated five percent of world trade, and most of the trade in goods between China and the east coast of the United States.