Panama: $100 Million for Infrastructure


News from Panama

The Inter-American Development Bank approved a loan to finance the construction of infrastructure to reduce flooding and make urban improvements in the Juan Díaz River basin. The Panama Mayor’s Office informed that the resources will be used in three components. A first component of Flood Mitigation Infrastructure; a second component to improve the quality of […]

December 27, 2018

Panama seeking to claw back Cuban shoppers


News from Panama

With large numbers of Cubans travelling to Guyana in search of  bargains, Panama has taken steps to foster and promote trade between the two countries, by allowing flexibility in travel for Cubans who are engaged in merchandising and tourism. Entry requirements for Cubans have been altered by the Panamanian government, with the new migratory policy providing […]

December 27, 2018

Globalization Index 2018


News from Panama

Panama is once again at the top of Latin Trade’s Globalization Index, which ranks country’s weight on GDP of its exports, imports, remittances, tourism receipts and foreign direct investment (FDI), as well as its internet penetration rate. Two countries climbed three spots from the previous year in the overall index: Chile (No. 5) and Ecuador […]

December 27, 2018

Panama’s First Ever Global Medical Cannabis Summit Panama City, February 13-14, 2019


News from Panama

Int’l Industry Leaders in Business, Medical Science & Technology to Gather at CannaTech Panama. As the global medical cannabis market continues to expand exponentially and increasing numbers of countries around the globe legalize its use, including in Latin America, Panama’s first ever Medical Cannabis Summit will take place in Panama City, October February 13-14, 2018 […]

December 27, 2018

Moody’s rates Panama Canal with stable outlook


News from Panama

Panama City – Moody’s Investors Service reaffirmed the Panama Canal Authority’s A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset. Panama City – Moody’s Investors Service reaffirmed the Panama Canal Authority’s (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset […]

December 27, 2018

Panamanian Economy will Rebound in 2019


News from Panama

This year, the economy is expected to grow 3.8% and in 2019 the increase could reach 5%, which would be determined by the activities of the Canal, transportation, mining and telecommunications. The Indesa firm forecasts that next year Panama‘s economy will increase its dynamism compared to 2018, since the activities related to the external part […]

December 27, 2018