By: Staff Writer March 22, 2024 During Panama’s worse drought on record, the renown Panama Canal is affected not only by weather challenges in this prolonged dry season, but the…
Category: PANAMA
Panama Canal Drought: Canal should be 5 feet higher now
By: Staff Writer March 8, 2024 The drought in the Panama Canal is so severe, it is down by five feet of its original level, signaling that trade may be…
Panama: Staff Concluding Statement of the 2024 Article IV Mission
March 5, 2024 In the two decades preceding the pandemic, Panama advanced in income convergence, with Panama’s income ratio to the US increasing from thirty-three to forty-eight percent. Rapid growth…
Panama Canal demand for transit through increases- NO MORE RESTRICTIONS BEFORE APRIL!
By: Staff Writer February 9, 2024 The Panama Canal is seeing high demand for transit despite the ongoing drought, all in part due to the political demand in and around…
Drought continuing to impact Panama Canal- Maersk takes land route as bypass
By: Staff Writer January 19, 2024 The Panama Canal continues to battle through its worse drought in history, forcing shippers to change routes. It has also forced authorities to slash…
Panama president directs First Quantum to shut copper mine after court ruling
December 1, 2023 Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its…
Panama Canal WARNING: Don’t travel through with large payloads!
By: Staff Writer October 17, 2023 The administrator of the Panama Canal Authority (ACP) said that they are giving ships wishing to pass through the zone 21 days of lead…
Panama Canal drought traps 200 plus ships!
By: Staff Writer August 25, 2023 The Panama Canal Drought has trapped over 200 ships in its muddy slush, some unable to move for over three weeks. Climate change is…
MPC Energy Solutions’ results for the first half of 2023 surpass full-year numbers reported for 2022; new development activities in Panama and El Salvador
August 4, 2023 MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of…
Panama: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama
March 28, 2023 Panama was hit hard by the covid-19 pandemic, but the recovery has been strong. GDP expanded by 15.3 percent in 2021 and a projected 9 percent in…
IMF Executive Board Concludes 2022 Article IV Consultation with Panama
March 28, 2023 On February 22, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation. [1] In the decade-and-half preceding the Covid-19 pandemic, an unprecedented…
Panama: Technical Assistance Report-Macroprudential Policy Frameworks
February 14, 2023 At the request of the Superintendency of Banks of Panama (SBP), IMF’s Monetary and Capital Markets Department (MCM) provided two technical assistance (TA) missions in 2021 on…