Central America
Panama’s President Mulino: “We are regaining international trust” to exit tax haven lists
Panama’s President José Raúl Mulino stated on Tuesday that the Central American country is “regaining international trust” regarding lists that label it as a tax haven, and that it hopes to be removed from these lists in the near future.
“At the international level, we are regaining confidence. Panama is taking firm steps to get off the European Union’s list, thanks to the coordinated work of various institutions,” Mulino said during his first-year report speech before the deputies.
The Panamanian president emphasized that he has “increased” his “engagement” with the Organisation for Economic Co-operation and Development (OECD) “not only with the aim of leaving these lists but also to begin our path toward joining that important group of democratic states and prosperous economies.”
Since taking office on July 1, 2024, Mulino has stressed that he will work to have Panama removed from what he calls “discriminatory” lists that consider it a tax haven. He has even focused part of his official conversations during trips to Europe on this issue.
Currently, Panama has strengthened banking regulations following the 2016 Panama Papers scandal. However, it remains on some lists, such as that of the Netherlands, while it has been removed from others, including the Financial Action Task Force’s (FATF) grey list in 2023.
Additionally, the European Commission recommended in June that Panama be removed from its list of jurisdictions with a high risk of money laundering and terrorist financing. The European Parliament and member states still have a month (extendable to two) to review the proposal, and unless opposed, it will take effect after that period.
Central America
Laura Fernández Says She Will ‘Never’ Allow Authoritarianism in Costa Rica
Costa Rica’s president-elect, right-wing leader Laura Fernández, said she will “never” allow authoritarianism under her government, in her first speech after winning Sunday’s presidential election.
Fernández, the political heir of outgoing President Rodrigo Chaves, has been accused by her opponents of seeking to steer the country toward authoritarian rule through her hardline proposals against drug trafficking and plans to reform state institutions.
“I, as the new president of the Republic, will never allow authoritarianism or arbitrariness—things that no one wants in Costa Rica,” Fernández said to cheers from her supporters gathered at a hotel in the capital.
The 39-year-old political scientist criticized her rivals for centering their campaign on what she described as a narrative of “authoritarianism and dictatorship.”
“They tried to scare voters, but the electorate did not fall into the trap,” she said.
Without offering details, Fernández acknowledged that her administration will seek to change the country’s “political rules of the game,” in what she described as a necessary step for Costa Rica, one of Latin America’s most stable democracies.
Central America
Costa Rica Goes to the Polls as Voters Choose Continuity or Change
Costa Ricans head to the polls today to elect the president of the republic and 57 members of the Legislative Assembly for the 2026–2030 term. Voters must choose between continuing the political project of outgoing President Rodrigo Chaves by supporting the ruling right-wing candidate Laura Fernández, or opting for a change in direction proposed by the opposition.
Fernández, representing the Pueblo Soberano Party (PPS), leads opinion polls with close to 40% of voting intention, bolstered by the outgoing president’s approval rating, which exceeds 50%. Chaves is barred from seeking immediate re-election under Costa Rican law.
Trailing far behind is Álvaro Ramos of the National Liberation Party (PLN), with less than 10% support. He is followed by Claudia Dobles of the Citizen Agenda Coalition (CAC), Fabricio Alvarado of New Republic (NR), and Ariel Robles of the Broad Front (FA), each polling between 3% and 5%. Undecided voters, who account for more than 30% of the electorate, could determine the outcome of the presidential race or force a runoff.
In a statement, Costa Rica’s Supreme Electoral Tribunal (TSE) reaffirmed its commitment to transparent and secure elections. “As has been the case for more than 76 years of democratic life in our country, the Supreme Electoral Tribunal guarantees all Costa Ricans that the national elections to be held this Sunday, February 1, will meet the highest standards of security and absolute transparency, allowing us to continue enjoying electoral processes in peace and freedom,” the institution said.
Authorities reported that 53,251 party observers will take part in the electoral process. Of these, 12,472 belong to the Social Christian Unity Party, 11,524 to Pueblo Soberano, 10,451 to the PLN, and 4,141 to the Citizen Agenda Coalition, among others. In addition, six political parties have sworn in 7,520 members of polling station boardsdeployed nationwide.
Central America
U.S. and Guatemala Sign Trade Deal Granting Zero Tariffs to Most Exports
The United States signed a reciprocal trade agreement with Guatemala on Friday, under which 70.4% of Guatemalan exports will enter the U.S. market tariff-free.
Guatemalan President Bernardo Arévalo highlighted the importance of the agreement, stating that it creates a framework of cooperation, certainty, and new opportunities for producers, workers, and entrepreneurs in the country. His remarks were shared in a video published on his official social media channels.
In 2025, 30.3% of Guatemala’s total exports were destined for the United States, amounting to approximately $4.3 billion. As a result, the agreement is expected to directly benefit key sectors of the Guatemalan economy, including agribusiness, manufacturing, and the textile industry.
“Today we have taken another step toward consolidating a country that, when it moves forward united, generates confidence, attracts investment, and creates real development opportunities for all its people,” Arévalo added.
The agreement with Guatemala follows a similar trade deal signed by the United States with El Salvador on Thursday, which includes the elimination of a 10% tariff on Salvadoran imports.
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