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.
Read moreFitch 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.
Read moreIndustrialists 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".
Read moreFitch 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.
Read moreReforms to the Civil Code seek to establish a procedural ceiling in cases
The first vice-president and president of the Civil Chamber of the Supreme Court of Justice (CSJ), Justice Olmedo Arrocha, stated that within the reforms that are being sought to the Civil Code of Panama, is the establishment of a ceiling in the procedural stages in the cases that are attended in this jurisdiction.
He added that what is sought is that there be a "justice in reasonable time". He specifies that this is one of the components of the due process.
Read moreLow rainfall puts pressure on the country’s electricity system
The Fortuna and Bayano hydroelectric plants, the only ones with reservoirs, have low water levels due to the scarce rainfall in the river basins that supply the reservoirs.
This has forced to use the rest of the generators, including the thermal, natural gas, wind and solar plants.
Read moreMinsa assures that it has reduced the waiting time for sanitary registrations
The National Directorate of Pharmacy and Drugs of the Ministry of Health (Minsa) assures that the time to complete the documentary evaluation of a sanitary registration has been reduced to around 30 days, which also depends on the user delivering all the requirements set out in the regulations.
Until now, this process could take up to a year and more, which is why the entity maintains continuous training for internal and external users.
Read moreMinsa: some tests to be allowed and isolation time reduced
The use of home tests to detect Covid-19; that companies and businesses apply swabs to their personnel; the reduction of the isolation time of infected persons from 10 to 5 days; and the elimination of quarantine for direct contacts who have not developed symptoms.
These are some of the measures adopted by the Ministry of Health (Minsa) this Monday, January 24, and which were communicated through Executive Decree 5 of 2022, signed by President Laurentino Cortizo and Minister Luis Francisco Sucre.
Read moreIMF: 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.
Read more