One of the key factors you want to consider when investing and or moving to another country is the stability of the economy.

While Costa Rica issues Eurobonds with a maturity of 30 years at 5.625%, Panama has issued theirs for 40 years at 4.40%. The recent issuance of a global bond in the amount of $750 million with a fixed rate of 4.30% and maturity date of 2053, was described by analysts as a sign of confidence in Panama by international markets.

According to the financier Alvaro Naranjo “to be able to raise funds in the long term is good for any issuer. This means that there is an appetite for credit and that people have confidence in the country in the long term. ” However, according to Naranjo, from the point of view of the investor it is “not attractive”.

For his part, economist Carlos Arauz, described the outcome as a “reward for Panama” and suggested that these good terms should be utilized to repay debt.

“We hope that debt does not increase and that it is associated with paying more subsidies or administrative expenses. The temptation (for any administrator) is very great to get greedy with these fabulous terms” said Arauz.