Panama Canal signs MoUs with Panama Ports Company and PSA Panama International Terminal to optimize supply routes for COVID-19 vaccine distribution


News from Panama

The Panama Canal has signed memorandums of Understanding with Panama Ports Company (PPC) and PSA Panama International Terminal (PSA Panama) to help optimize supply routes for the distribution of the COVID-19 vaccine and supplies to Latin America. Panama’s logistics capabilities and strategic location at the crossroads of the Americas make it uniquely positioned to assist […]

January 26, 2021

Trade: Panama-Costa Rica Blockade Gains Support


News from Panama

Given the blockade that has been in place since July 2020 to the entry of animal products from Costa Rica into the Panamanian market, the Panamanian guild of poultry farmers supports the actions taken by the Cortizo administration. At the beginning of the second semester of 2020 the commercial conflict between both countries began, since Panama informed […]

January 26, 2021

Liquidity Line for $2.7 Billion for Panama


News from Panama

  The IMF approved a two-year agreement in favor of the Central American country under the Precautionary and Liquidity Line for an amount equivalent to $2.7 billion, which will serve as insurance against extreme external shocks derived from the Covid-19 pandemic. Access to the LPL in the first year will be in an amount equivalent […]

January 26, 2021

Panama begins Covid-19 vaccinations


News from Panama

Nurse Violeta Gaona on Wednesday received in her left arm the first dose of the vaccine against Covid-19 in Panama, the country which accumulates the highest number of infections in Central America. Dressed in her work uniform, mask and face shield, Gaona, 59, received the prick with a stoic face and a glance at the […]

January 26, 2021

Panama tourism on verge of collapse


News from Panama

Panamanian tourism is on the edge of an abyss from which it would take about 15 years to emerge, according to industry projections. The restriction of mobility, curfew, sanitary fences and a ban on going to the beaches can cause the closure of at least 50% of the 3,500 companies that participate directly in tourism, […]

January 26, 2021

Panamanian ports post 5.3% growth in 2020


News from Panama

Panama port activity not only rose by 5.3% last year but also registered the highest volume ever with 7.73m teu despite a lock down for several months and other restrictions. All terminals posted growth with the exception of Evergreen’s Colon Container Terminal (CCT) on the Atlantic side. Manzanillo International Terminal-Panama (MIT) saw an increase of […]

January 26, 2021