Kenneth Rijock

Kenneth Rijock

Friday, December 2, 2011

NORIEGA'S EXTRADITION TO PANAMA EXPECTED SOON

A spokesman from the French Foreign Ministry has stated that all the judicial preconditions have been met, and it is expected that the former Panamanian President, General Manuel Antonio Noriega will be extradited to his native Panama within the next few weeks. Whether Noriega's arrival will affect the Republic of Panama is a unknown, but he enjoyed substantial support during his presidency. Panama is enjoying prosperity and political stability, and country risk watchers are anxiously awaiting a public response, or lack thereof, to his impending his arrival and presence, after serving more than 20 years in an American prison. Panama has greatly expanded its role as an international banking centre since the Noriega era, and it is in the best interests of the financial sector that his arrival not become a distraction.

The other issue is whether he will, pursuant to Panamanian law, be placed under house arrest (home confinement), due to his advanced age (77), and reported health problems. We shall continue to monitor the situation, for country risk purposes, and report back to our readers upon his arrival in-country.

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