IMF staff confirms Panama slowdown

Not just annual dog days. Panama’s economy is slow.Archive photo by Eric Jackson. IMF staff concludes visit to Panama by the International Monetary Fund A staff team of the International Monetary Fund (IMF), led by Alejandro Santos, visited Panama during July 17-23, 2019, invited by the Panamanian authorities. At the end of the visit Mr. […]

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Balboa port strike into its seventh day

The walkout begins on the afternoon of July 18. Union’s video from its Twitter account. Port strike may become a sign of the times by Eric Jackson It’s far from the ordinary strike manifesto by a union that has an expired contract. Generally those are about pay, benefits and working conditions. Except for a demand […]

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Nito goes to the Big Apple

The president posed earlier this month with a group of execs from Liberty Latin America, a Bermuda-based multinational telecom company, one of whose subsidiaries is Cable & Wireless. The Panamanian government owns a stake in Cable & Wireless Panama. Liberty says it will be undertaking a project here that will create 500 jobs. Photo by […]

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US State Department, Panama’s investment climate

Perhaps the most widely reported observation 2019 Investment Climate: Panama by the US Department of State [Editor’s note: Despite all of the capable people who have been driven out, the US State Department still has some shrewd people observing and making sense of economic situations. By outward appearances they are MUCH BETTER than Donald Trump […]

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Nito and the economy: real estate and construction

Juan Carlos Varela’s pet project — will it come to fruition in its anticipated form? That this photo has disappeared from the Presidencia’s website is an ordinary if unfortunate attribute of a change of presidents. But some of Nito Cortizo’s comments about the nature and amount of Panama’s debt, the backlog of unfinished public works […]

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We look back at Varela as Nito era begins.

OP ED: Based on what we reported on during the year, thought this would be higher. I’m pissed I can’t rant a bit more. “JB” https://www.prensa.com/politica/millones-dolares-publicidad-gastaron-Varela_0_5339466030.html During the five years of administration of President Juan Carlos Varela , (2014-2019), the investment in advertising amounted to $ 26 million 447 thousand …

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Panama Pride 2019

God save the Queens — even if they may not be especially religious. Huge Pride march from Santa Ana through the Casco Viejo to the Cinta Costera photos by Eric Jackson   Somewhere, under the rainbow… There were people of many nationalities in yesterday’s Pride march, some from countries where they would be in big […]

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