This agreement was signed by the Minister of Mici, the director of Ampyme and the general administrator of the ATP.

With a view to generating a public-private partnership to empower entrepreneurs and micro, small and medium-sized enterprises (SMEs) of Panama, the Ministry of Commerce and Industries (Mici), the Micro, Small and Medium Enterprises Authority (Ampyme) and the Tourism Authority of Panama (ATP), joined their respective commitments to further accelerate the development and economic recovery of the sector.

Under the terms Training, ii. Digitization, formalization and banking of entrepreneurs, and iii. Promotion of the Panama Tourism Master Plan.

This agreement was signed on behalf of the Panamanian Government by the Minister of Commerce and Industries (Mici), Federico Alfaro Boyd; the director of the Authority for Micro, Small and Medium Enterprises (Ampyme), Óscar Ramos; and the general administrator of the Panama Tourism Authority (ATP), Iván Eskildsen. On behalf of Mastercard, the agreement was signed by Germán Rosón, country manager of Mastercard Panama.

A clear objective to promote economic growth

Within the framework of the National Government’s Economic Recovery Plan and its approach to combat poverty and inequality by strengthening the digitization and financial inclusion efforts of the national economy, Mastercard will work together with the Mici, ATP and Ampyme, providing its capabilities and experience

who acquire the digital skills and knowledge necessary to design, launch and manage their businesses.

• Digitization, formalization and banking of entrepreneurs: to promote the continuous growth of entrepreneurs and SMEs through formalization and digitization, beneficiaries will receive incentives, best practices and access to tools that facilitate the formalization of their businesses.

• Master tourism plan: to promote the country’s tourism development and position Panama as a world-class sustainable tourist destination. Mastercard’s global experience will support this pillar in the development of tourism experiences through its priceless.com platform and other world-class best practices that the company has.

Through the implementation of the objectives of the memorandum of understanding, Minister Alfaro Boyd reported that in the case of Mici emphasis will be placed on training, taking advantage of the fact that Mastercard has experts and platforms that can benefit

The signatory entities are focused on providing support and accompaniment to all our productive sectors. That is why we are proud to close this strategic agreement by reaffirming our commitment. For the government of President Laurentino Cortizo Cohen, SMEs are key to the economy and tourism,” said Minister Alfaro Boyd, who explained that the memorandum includes actions to promote Panama as a world-class sustainable tourist destination.

On behalf of Mastercard, Germán Roson, country manager for Panama, commented: “The small business sector promotes job creation, productivity and economic growth, so it is We are proud to demonstrate our commitment to strengthening the Panamanian economy through this agreement.”

The memorandum of understanding between the Mici, AMPYME, ATP and Mastercard was signed after the National Government, through the National Authority for Government Innovation (AIG), signed an agreement with the company for government digitization.

At that time, the President of the Republic, Laurentino Cortizo Cohen, participated as a witness to the agreement, which represents one of the starting points for the generation of