During August 2020, the Miss Panama sisterhood welcomed a new titleholder when Carmen Isabel Jaramillo was crowned Miss Panama 2020. She will represent Panama at the Miss Universe 2020 pageant! Additionally, she will represent the Miss Universe Organization as Miss Panama 2020 throughout her reign and receive a prize package selected by the Miss Panama Organization.
Carmen finished as of last year's first runner-up, and due to the COVID-19 worldwide pandemic was selected as this year's queens.
No runner-ups were named due to not holding a 2020 pageant.