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Agreement signed to improve the alimony process

Banco Nacional de Panamá and the Judicial Branch signed a collaboration agreement to optimize the process of processing alimony payments.
This collaboration document was signed by María Eugenia López Arias, Magistrate President of the Supreme Court of Justice, and Javier Carrizo Esquivel, General Manager of Banco Nacional de Panamá.

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Fitch Ratings rating facilitates investment attraction for Panama

After Fitch Ratings reaffirmed Panama’s sovereign rating at BBB-, maintained the country’s investment grade and changed the country’s outlook from negative to stable, economists say this will make it easier to attract foreign investment.
and changed the country’s outlook from negative to Stable, economists assure that this will facilitate the attraction of foreign investment.
For economist Augusto Garcia this is good news because it maintains the credibility of the Panamanian economy and facilitates the attraction of investment.
“In these circumstances that have had to resort to international loans, the confidence of an investment grade is positive”, he added.

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Industrialists expect to recover 10 thousand jobs this year

After a 19.9% drop in 2020 and a recovery in 2021 of 11.4% up to the third quarter, the Panamanian industrial sector calculates that this 2022 will grow by 7%, which represents an absolute contribution of $2 billion 4 million and the recovery of 10 thousand jobs.
Luis Frauca, president of the Union of Industrialists of Panama stated that “Panama has a solid industry that is growing and becoming more rooted in the economy despite the adversities”.

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Fitch affirms Panama’s sovereign rating and revises outlook to stable

The risk rating agency Fitch Ratings affirmed this Friday, January 28, Panama’s risk rating at BBB-, and revised the outlook from negative to stable. Panama, therefore, maintains its investment grade rating with the three major international rating agencies.

The outlook revision reflects the improved fiscal position and a better-than-expected recovery from the initial impact of the pandemic. The agency notes that its fiscal expectations have improved and also confidence in the authorities’ ability to successfully adjust the fiscal deficit.

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IMF: Global recovery continues, although ‘losing some momentum’ due to new wave of infections

The recovery of the global economy will continue in 2022, but the great rebound experienced last year will gradually lose steam as obstacles accumulate in the form of new waves of covid contagions, persistent inflation and the impact that rising interest rates in the United States may have on countries highly indebted in dollars, according to the Spanish newspaper El País.

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President Cortizo bets on strengthening state planning

The President of the Republic, Laurentino Cortizo Cohen affirmed that institutionalizing planning is the right thing to do, after creating through an Executive Decree, the Institute of Planning for Development, whose main mission is to design a macro plan that promotes indispensable transformations to achieve the inclusive and sustainable growth of the country.

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Crime policy seeks to unify efforts

The increase in homicide figures in the last year and the penetration of drug cartels in the activities of Panamanian society and even in State security agencies have generated concern in various sectors of the population. Just last week, the authorities announced what would be the criminological policy of the State, through a bill that aims not only to address this phenomenon, but also to rescue those who are at social risk.

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DGI updates duties for users

The General Revenue Directorate (DGI), of the Ministry of Economy and Finance (MEF), informs taxpayers about the publication in the Official Gazette of Resolution No. 201-0251 of January 12, 2022, “Which updates the duties of the users of the Electronic Invoicing System of Panama and the deadlines for non-active users within the pilot plan”.

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Bill that establishes the State Criminological Policy arrives at the National Assembly

The Minister of Public Security, Juan Manuel Pino presented before the plenary of the National Assembly, the bill that establishes the State Criminological Policy.

According to Pino, the bill has nine guiding principles that will contribute to reduce the criminal incidence, with a participative approach, so as to promote spaces for dialogue and the means to face the problem of criminality from a broader context, without improvisations and in a democratic manner.

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