A bill was presented to the National Assembly to regulate the leasing of real estate, so that the client who rents a property has the option to buy it. In order to regulate the financial leasing of real estate known as real estate leasing or housing leasing, the Minister of Housing and Land Management (Miviot), Rogelio Paredes, was the […]
According to IMF forecasts, Panama and El Salvador are the economies that in 2020 will report the worst falls in their production, while Guatemala would be the country in the region that would emerge best from this economic and health crisis. Due to the severe economic crisis generated by the covid-19 outbreak, the economic growth projections calculated by international organizations […]
Based on the argument that there is no significant fiscal consolidation and sustained economic recovery, the rating agency decided to downgrade the government’s long-term issuer rating perspective from stable to negative. Although the outlook was modified, Moody’s decided to maintain the long-term issuer and senior unsecured debt ratings at Baa1. From Moody’s report: New York, […]
Our national Holidays start next week and Boquete is already seeing a lot of tourists as well as people from Panama City. More to come!! Panama schools will be able to carry out a brief act of raising the flag to ‘honor the homeland on Independence days, since activities such as national parades are suspended […]
Foreigners who invest a minimum of $300,000 in real estate in Panama may apply for the Permanent Residence Program for Economic Reasons for Qualified Investors. In order to stimulate economic reactivation by attracting high net worth investors to boost different sectors of the economy such as real estate and construction, the government created a new […]
In the midst of a reopening that is moving at a snail’s pace, the construction sector is pressing the Government to pay off the debts that it has with contractors that carried out large-scale state works before the pandemic and who hope to complete them in the new reality. José Ramón Icaza of the […]
Hundreds of empty chairs sit in a field in the City of Knowledge (Clayton) each one marking the death of a person from Covid -19 . Until Tuesday, October 20, there were 2,574 victims of the virus in Panama. The project is an initiative of TVN Media and was developed in the City of Knowledge […]
IFC, the private sector arm of the World Bank Group, is partnering with Panama’s Global Bank in a first-of-its-kind transaction that will increase housing finance for women and support women-owned businesses in the country. Panama is Latin America’s fastest growing economy, yet only seven percent of adult women in the country have a housing loan, and only 7 […]
FOOD SECURITY SNAPSHOT Paddy production in 2020 forecast at slightly above?average level Cereal import requirements anticipated at high levels in 2020/21 marketing year Prices of beans stable in September and higher year on year Paddy production in 2020 forecast at slightly above?average level Harvesting of the 2020 predominantly rainfed minor season paddy crop is nearing […]
Faced with increasing chaos in Costa Rica due to demonstrations and blockades, a part of the business sector decided, unilaterally, to negotiate with representatives of the movement that incites to protest, and to reject the official call by the President of the Republic. The protests and blockades that are taking place in Costa Rica arose […]