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…
Category: PANAMA
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…
IMF Executive Board Approves US$2.7bn Precautionary and Liquidity Line for Panama to Address COVID-19
By: IMF January 22, 2021 The Executive Board of the International Monetary Fund (IMF) approved today Panama’s request for a two-year arrangement under the Precautionary and Liquidity Line (PLL) for…
Precautionary Credit Line Provides Panama with Crisis Insurance
By: IMF January 22, 2021 After over two decades of record high growth, Panama is facing a sharp economic contraction following months of pandemic-related lockdowns. With support from the IMF,…
IMF takes note of massive trade shock in Central America at height of COVID-19 pandemic.
By Staff Writer December 18, 2020 The International Monetary Fund (IMF) released a country focus on the Central American region, looking at the impact the COVID-19 pandemic and Natural disasters…