Ernesto Pérez Balladares, Date of Birth, Place of Birth

    

Ernesto Pérez Balladares

President of Panama

Date of Birth: 29-Jun-1946

Place of Birth: Panama City, Panamá Province, Panama

Profession: politician

Nationality: Panama

Zodiac Sign: Cancer


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About Ernesto Pérez Balladares

  • Ernesto Pérez Balladares González-Revilla (born June 29, 1946), nicknamed El Toro ("The Bull"), was the President of Panama between 1994 and 1999. Educated in the United States, Pérez Balladares worked as a banker before becoming part of the government of military ruler Omar Torrijos; in 1989, he also served as campaign manager for the pro-Manuel Noriega presidential candidate Carlos Duque.
  • He was elected president in 1994 as the candidate of the Democratic Revolutionary Party (PRD), in a close three-way race with Arnulfista Party candidate Mireya Moscoso and salsa singer Ruben Blades. Pérez Balladares' term was notable for free-market reforms and the privatization of government services.
  • He also rehabilitated a number of officials from the Noriega years and sought a closer alliance with the United States than the previous administration of Guillermo Endara.
  • Following a failed constitutional referendum to allow him a second term in office, Pérez Balladares was succeeded by Moscoso in 1999. In 2009, prosecutors opened an investigation into charges of corruption dating to Pérez Balladares' time in office.
  • He was placed under house arrest the following year, making him the first former Panamanian president to be arrested, and in October 2010 was charged with money laundering.
  • A judge dismissed the charge against him in April 2011.
  • In February 2012, Pérez Balladares was convicted of slandering comptroller Alvin Weeden by calling him a narcocriminal, and sentenced to a $3,000 fine or a year in prison.

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