{"id":19559,"date":"2017-04-11T16:46:32","date_gmt":"2017-04-11T21:46:32","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=19559"},"modified":"2017-04-11T16:46:32","modified_gmt":"2017-04-11T21:46:32","slug":"panama-100-million-banana-production","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-100-million-banana-production\/","title":{"rendered":"Panama: $100 Million for Banana Production"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/04\/Bananas1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19562\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/04\/Bananas1.jpg\" alt=\"\" width=\"630\" height=\"416\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/04\/Bananas1.jpg 630w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/04\/Bananas1-300x198.jpg 300w\" sizes=\"auto, (max-width: 630px) 100vw, 630px\" \/><\/a><\/p>\n<p>The Comptroller has confirmed the contract for<span class=\"Apple-converted-space\">\u00a0<\/span>Del Monte<span class=\"Apple-converted-space\">\u00a0<\/span>to invest $100 million in a maximum period of seven years, projecting an average productivity of 2,725 fruit boxes per hectare per year.<\/p>\n<p><span dir=\"ltr\">The contract was endorsed by the Comptroller&#8217;s Office, but requires the approval of the Cabinet and the approval of the National Assembly to become contract-law.\u00a0<\/span><\/p>\n<p><span dir=\"ltr\">From a statement issued by the Comptroller General of<span class=\"Apple-converted-space\">\u00a0<\/span><a class=\"hlink\" title=\"Panama\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Panama%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Panama<\/a>:<\/span><\/p>\n<p><span dir=\"ltr\">The Comptroller General of the Republic, Federico Humbert, endorsed this morning an Agreement between the State and Banapi\u00f1a de Panam\u00e1, S.A. This Agreement, in accordance with the terms and conditions, aims to develop a project designed to reactivate<span class=\"Apple-converted-space\">\u00a0<\/span><a class=\"hlink\" title=\"banana\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22banana%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">banana<\/a><span class=\"Apple-converted-space\">\u00a0<\/span>activities, creating new jobs and economic investments with direct and indirect impact on the social and economic aspects of the Bar\u00fa-Alanje and Chiriqu\u00ed Grande-Bocas del Toro areas.<\/span><\/p>\n<p><span dir=\"ltr\">It is estimated that the project will be developed in a period of no more than seven years with a minimum investment on the part of the company of\u00a0ONE HUNDRED MILLION BALBOAS (B \/ .100,000,000.00),\u00a0generating an approximate 3,100 direct jobs and the consequent generation of 12 thousand indirect jobs in trade and services.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Comptroller has confirmed the contract for\u00a0Del Monte\u00a0to invest $100 million in a maximum period of seven years,<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-19559","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Panama: 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