Facilitating all private investment initiatives in favor and for the benefit of all Panamanians, is the commitment of the new Government, said by the Minister of the Presidency, Juan Carlos Orillac, during the inauguration of the new board of directors of the Panamanian Association of Business Executives (Apede) for the period 2024-2025, headed by Giulia De Sanctis.
Minister Orillac stressed that the administration will implement the necessary mechanisms to start a process of progressive economic recovery in the nation. “We visualize a Panama full of challenges and new opportunities that allow us to move towards the progress and social peace that all Panamanians so long for,” Orillac said.
On the other hand, he indicated that the country’s urgent needs are being addressed with priority by the new Government, despite having inherited many problems with worrying situations on issues of national importance.
“The Mulino administration will attend to each situation seeking its respective solution; and in terms of inherited economic debts, have the complete certainty that each and every one of the economic commitments will be honored,” said the Minister of the Presidency.
With this statement, the Government reaffirms its intention to work hand in hand with the private sector to boost the growth and development of the country, ensuring that investments are a key engine for the well-being of all citizens.
Implementation of streamlined and intelligent processes is required. The amount of stupid and repetitive paperwork to do any economic transaction in Panama is driving billions of dollars away from Panama. Just making it easy for investment and economic progress would solve so many of Panama’s problems. US a person can buy a property with a bank loan and go from offer to moving in within 3 weeks, Panama that process is 3 months. Just one example. There is a difference between requiring transparency and having stupid useless circular documentation. There should be a Processes streamline initiative in Panama starting with banks but also land titling should be streamlined which brings in money to the government, property tax opportunities and development. Just get ride of wasted motions and paperwork. Intelligent processes.