America Panama The government has offered to buy at market value the flooded houses of those affected by Hurricane Sally; not only providing those affected with a new opportunity, but also freeing up land for the development of public infrastructure
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