The Council of the Global Environment Facility (GEF), approved the financing of the project, called “Improving the governance of the sea basin to reduce the impacts on large transboundary marine ecosystems in the SICA region,” with an amount of US$ 20 million. The project aims to improve environmental sustainability, economic prosperity and climate resilience in […]
As part of the “Green Plate Plan” and achieving better standards of environmental preservation, the Municipality of Panama announced that owners of electric cars in the first five years will not have to pay road tax. According to the head of Municipal Treasury Collection, Ana Polo, the green plates are already being delivered, and she […]
Cuba and Panama were reconnected through the inauguration of a charter flight that the Cuban Aviation airline will carry out weekly on Monday and Friday. “With the takeoff of the IL96 aircraft from the José Martí International Airport to Tocumen Airport, the weekly charter operations linking the cities of Havana and Panama are officially inaugurated,” […]
Foreign Minister Janaina Tewaney Mencomo and the executive director of the Inter-American Institute for Global Change Research (IAI), Anna Stewart Ibarra, signed an agreement in which the Government of Panama authorizes the establishment and operation of the Executive Directorate of the IAI in Panama. Therefore, through this agreement, the Government of the Republic of Panama […]
Within the framework of the Panama-Costa Rica Border Agreement, coordinated by the Ministry of National Planning and Economic Policy (Mideplan) and the Ministry of Economy and Finance of Panama (MEF), binational meetings were held during the last week of May 2024, which took place in Paso Canoas and Cahuita. The first meeting took place at […]
In a strategic move to position Panama on the map of large global investments, Mario Boyd Galindo, personally appointed by President-elect José Raúl Mulino, has played a crucial role in the recent meeting of the Future Investment Initiative Institute (FII), in Rio de Janeiro. His personal and dedicated management has opened new opportunities for the […]
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a financing of US$45 million to Siegfried Panama, a subsidiary of the Roemmers Group, with the aim of expanding access to affordable and quality medicines in Central America. The loan, signed in Bogotá, Colombia, will allow Siegfried Panama to complete the […]
The McDonald´s restaurant franchise is 100% committed to the inputs behind its menu products being produced in Panamanian soils, with the aim of contributing to the economic development of Panama, said Adriana Paredes, communications manager of Arcos Dorados Panama. According to Paredes, they recently launched the “I am from here” campaign, to visualize and know […]
In May, Microsoft signed a large nature-based carbon offtake agreement with the Azuero Reforestación Colectiva (ARC). The project aims to restore more than 24,700 acres of degraded tropical forest on Panama’s Azuero Peninsula, removing over 3 million tons of CO2 from the atmosphere in the process. Azuero is one of a string of large nature-based carbon offtake agreements that Microsoft has struck, […]
Mangrove forests are highly efficient at capturing and storing carbon from the air; in fact, they can hold three to five times as much carbon as the same area of terrestrial forest can. So, researchers in many countries are working to measure how much carbon is stored in mangrove forests. Researchers from 14 international and […]