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Economy

No changes planned this year for debt limits

At least for this year there will not be reforms to the law that limits the amount of debt the government can accumulate. The issue is still being analyzed by the Ministry of Economy and Finance, and any such reform would come next year at the earliest. "There is nothing concrete at this moment," said Minister of Economy and Finance Alberto Vallarino. President Ricardo Martinelli will most likely include any changes to this law within a larger portfolio of ...

Economy

Copper deposit again eyed for development

Cerro Colorado, located in the Comarca Ngäbe Buglé, has again generated interest from mining companies, but any such action is expected to be heavily opposed by indigenous groups and environmentalists. The government yesterday announced plans to develop the site, saying that the mine could generate economic growth in one of the poorest parts of Panama. This is the third time that a proposal has been floated for mining in the region, which contains one of the largest known ...

Economy

Cafe lab planned for Boquete

The government is planning to build a $750,000 coffee testing laboratory in Boquete to help boost the industry. The lab will help scientists identify the differences between coffees produced in various areas of the country. Growers can then use that information to improve the quality of their product, thus boosting the industry. Panama's coffee growing industry has gone into a decline, with the industry shrinking to 15,000 hectares of fields in ...

 

 

 


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