Economic Growth: Year-End Forecasts


News from Panama

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 […]

October 26, 2020

Negative Outlook for Panama’s Debt


News from Panama

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, […]

October 26, 2020

Real Estate: Incentives for Foreigners


News from Panama

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 […]

October 26, 2020

GIEWS Country Brief: Panama 19-October-2020


News from Panama

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 […]

October 26, 2020

Lack of Leadership and Ungovernability


News from Panama

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 […]

October 26, 2020

Boquete Area Internet FAQ


News from Panama

This is a great informative article about our new levels of service!!  In a very short time, Boquete and greater Panama has gone from internet starvation to abundance. We now have access to the fastest internet available anywhere on earth. By Mark Heyer This brief FAQ is aimed at existing residents of the Boquete area and […]

October 26, 2020