Panama, Guyana take first steps to join Latin American hemp rush


News from Panama

The governments of Guyana and Panama say they are looking into establishing hemp sectors, as the number of countries exploring the crop in Latin American continues to quickly expand. Developments in both countries were announced this month. Guyana’s government is reviewing feasibility studies, and has discussed hemp trials. In Panama, government representatives and deputies in […]

November 3, 2020

We are open to fish!!


News from Panama

This is a Bathemetric picture of my favorite place to fish, Hannibal Bank. My Father fished there, I fish there and my children fish there!! Captain Shane Jarvis takes us on a journey. Hannibal Bank Undoubtedly one of the most legendary fishing spots known, Hannibal Bank is recognized by sport fishermen around the world as one of the […]

October 26, 2020

Real Estate Rentals: Bill in Panama


News from Panama

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 […]

October 26, 2020

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