January 14, 2022 Six Diamond Resorts International and several of its principals filed suit in state court in Utah against defendants Blue Sea Holdings, LLC, Oceans Group International S.A. d/b/a Red Frog Beach Resort,…
Category: PANAMA
IDB Invest Supports Panama’s SMEs with Banco Aliado
December 17, 2021 IDB Invest has provided financing of up to $50 million to Banco Aliado S.A. The deal, with a term of up to 10 years, will support small…
IDB approves $150m loan to promote gender equality in Panama
November 26, 2021 The approval is the second in a series of two operations under the Programmatic Policy Reform Support Loan. This series seeks to reduce gender inequality in Panama, implement policies…
Recovery and Reactivation in Panama
September 3, 2021 As a hub for innovative financial services and logistics, Panama can help lead Latin America and the Caribbean’s post-pandemic rebound. President Claver-Carone made his first official visit to…
IDB Backs $41M programme to help farmers, boost Food Security in Panama
August 6, 2021 The Inter-American Development Bank (IDB) approved a $41 million programme to improve food security and help farmers in Panama. The initiative aims to help farmers increase profitability…
FIRST REVIEW UNDER THE ARRANGEMENT UNDER THE PRECAUTIONARY AND LIQUIDITY LINE—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR PANAMA
August 3, 2021 In the context of the First Review Under the Arrangement Under the Precautionary and Liquidity Line, the following documents have been released and are included in this…
IMF Executive Board Completes the First Review Under the Precautionary and Liquidity Line Arrangement for Panama
July 30, 2021 The IMF Executive Board completed the first review under the two-year Precautionary and Liquidity Line (PLL) arrangement for Panama which was approved on January 19, 2021 in…
IDB Invest, Capital Bank Join Forces to Promote Panama’s SMEs
July 9, 2021 IDB Invest’s financial package includes technical assistance to develop a digital transformation strategy to support SMEs IDB Invest, a member of the IDB Group, has granted an…
Panama to strengthen MSMEs sustainability amid the pandemic with IDB support
May 25, 2021 The Inter-American Development Bank (IDB) has approved a $150m loan to support the sustainability of Panama’s micro-, small- and mid-sized enterprises (MSMEs) amid the COVID-19 pandemic and…
Panama: Staff Concluding Statement for the Virtual 2021 Article IV Consultation Mission
May 18, 2021 An International Monetary Fund team led by Alejandro Santos held virtual discussions with the Panamanian authorities in the context of the 2021 Article IV consultation in the…
IDB Invest Mobilizes Financing to Expand Investments in Panama Logistics Infrastructure
April 6, 2021 IDB Invest, a member of the IDB Group, is mobilizing financing worth $80 million for the Ecuadorian company Corporación Favorita C.A., the largest self-service store chain in…
Canadian firm extends MOU in Panama hydro project!
Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, announced today that…