For Panama’s business sector, public-private partnerships are contracts that, if properly implemented, could promote the dynamism of the economy and at the same time diminish the fiscal pressure on the State budget.

The Chamber of Commerce, Industries and Agriculture of Panama has promoted since the beginning of the current government administration, a draft bill that creates the Public-Private Partnership Regime (PPP), given that this document would promote the development of the country, explained the business guild through a statement.

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The implementation of PPPs in the country is one of the initiatives that we have been proposing some time ago to promote the reactivation of the economy, which was a reason for satisfaction when this guild was invited to participate, along with other private sector groups, a meeting at the Inter-American Development Bank (IDB) with the designated head of Public Works, to review the draft and the observations that were presented at the time to the current administration of government, the document states.

The statement concludes that “… Our union considers that the APP scheme offers great opportunities for the country to attract foreign capital investment that will allow it to generate greater sources of employment, and thereby reduce the fiscal pressure on the State coffers.

In addition, it would promote the participation of local capital in works of public interest in all the national geography, in order to boost even more vigorously the performance of the Panamanian economy.”