The most recent estimate from the Ministry of Economy and Finance of Panama (MEF) indicates a contraction of 17 percent in the Gross Domestic Product (GDP) in 2020, the La Prensa newspaper reported. Although the official figure was issued by the Comptroller General, the MEF published a calculation based on the fiscal balance of […]
Fitch Ratings – Monterrey – 08 Feb 2021: Fitch Ratings has acted on the ratings of four issuers of the infrastructure sector in Panama as follows: –Autoridad del Canal de Panama (ACP): Downgraded the ratings on the Long-Term Issuer Default Rating (IDR) and on the USD450 million senior unsecured notes to ‘A-‘ from ‘A’. The […]
The Panama Tourism Authority (ATP), in alliance with Panama’s Ministry of Environment, has launched the “1,000 Kilometers of Trails” project to preserve important ecological trails critical to tourism, ecology and scientific discovery. Created within the framework of the Tourism, Conservation and Research (TCR) strategy of Panama’s Master Plan for Sustainable Tourism (PMTS) 2020-2025, this initiative aims to […]
Panama’s Health Minister on Monday (Feb 8) defended the deployment of more than 200 Cuban doctors to help the Central American country battle the coronavirus, despite criticism of the island government’s human rights record at home. “We are eternally grateful” to the Cuban doctors because “they came here to save the lives of Panamanians”, Dr […]
Manzanillo International Terminal (MIT) and Colon Container Terminal (CCT), both port terminals located on the Atlantic side of Panama, have joined the collaboration efforts to help optimize supply routes for the distribution of the COVID-19 vaccine and supplies to Latin America. The Panama Canal, MIT and CCT have signed Memorandums of Understanding to establish an […]
A ruling by Panama’s Supreme Court of Justice in November 2020 led to the official creation of a comarca, or protected Indigenous territory, for the Naso Tjër Di people in northern Panama. The 1,600-square-kilometer (620-square-mile) comarca is the result of a decades-long effort to secure the Naso’s land rights. Panama’s former president had vetoed legislation […]
Panama’s new tourism campaign encourages potential visitors to discover the type of travel that best suits their personality, plus offers the opportunity to win a seven-day, airfare-inclusive trip to the iconic Central American destination. Today, PROMTUR Panama, Panama’s destination marketing organization, launched the “Discover Your Panama” campaign aimed to encourage travelers to discover iconic experiences […]
The Organization of Political Persecuted Venezuelans in Exile (Veppex) declared Panamanian deputy Zulay Rodríguez “persona non grata” for her “constant actions against the Venezuelan community” based in Panama. The president of Veppex, José Antonio Colina, pointed out that the statements and actions of Rodríguez, vice president of the National Assembly generate ‘xenophobia and ‘instigate hatred […]
Panama’s government is seeking 3 million doses of Russia’s Sputnik V vaccine against COVID-19 for 1.5 million people, hoping to receive them by March, a letter of intent signed by the country’s Health Ministry showed. The Central American nation has one of the highest numbers of confirmed infections in the region and said recently it […]
The Panama Canal set a new monthly record for transits and tonnage of liquefied natural gas (LNG) vessels in January, in part due to the recent surge in the energy market. Strong demand for LNG shipments from Asia was driving the record shipments and also contributing to prolonged delays for gas carriers to transit the […]