America Panama A dual water crisis has been declared in consequence of scarce rainfalls: one is affecting thousands without regular access to clean water, another is a drought impacting the activities in the Panama Canal, a key economic source for the country
America Panama Economists are projecting a positive growth for the country in 2023, though emphasizing the need to attract foreign investment for sustainable growth, with the Panama Canal being a significant driver
America Panama A congestion of over 200 ships in the Panama Canal, caused by water shortages due to drought and increased demand, has caused shipping delays with added costs; the economic impact can potentially affect global product prices
America Panama The country has started a USD 42 million project to combat plastic pollution by promoting circularity in urban environments, along with Colombia and Jamaica
America Panama Ship daily transits have been limited by the Panama Canal authority due to exceptionally low water levels, affecting ship traffic and income; the canal could face a US$200 million earnings decline in 2024
America Panama “Gestión Transparente Panamá" a platform aimed at promoting transparency and accountability in the management of public resources, has been launched by the government, in partnership with the Inter-American Development Bank
America Panama The government has launched a new programme to promote entrepreneurship by providing training and support to entrepreneurs; it is expected to help to create jobs and boost the economy
America Panama The state has ratified the UN Water Convention, thus becoming the first Latin American country to join, and reinforcing its leadership in environmental protection and responsible water management
America Panama National lawyers have urged the country to strengthen its diplomacy ahead of its removal from the Financial Action Task Force grey list, as it has fulfilled 15 actions against money laundering, unlocking investments and reducing compliance costs
America Panama Maritime authorities have approved the implementation of a new national technology platform for ship registration to improve access to information, enhance data confidentiality, increase efficiency, and ensure cybersecurity
America Panama Panamanian authorities have launched a campaign to strengthen security in the treacherous Darien jungle, its natural border with Colombia, in order to tackle criminal groups that assault migrants crossing this passage on their way to North America
America Panama 60% of all national companies are investing in digitalisation and technological transformation according to According to data from the Organisation for Economic Cooperation and Development
America Panama By increasing the quality of maintenance work on its canal, the country reportedly expects to extend its life by a century