Living & Investing

Standard & Poor’s (S&P) reaffirmed Panama’s sovereign rating at BBB , maintaining the country’s investment grade, while the outlook changed from stable to negative, basically due to the impact of the pandemic on the economy.

Tocumen International Airport reported that passenger movement increased in June by 24.9% compared to last May 2021.

Millicom has chosen Panama as the “Fintech Hub” for the entire region with a $250 million investment.

Panama has been nominated for the best “Leading Destination in the Mexico and Central America Region”, “Leading Beach Destination”, “Leading Destination for Business Travel” and “Main Nature Reserve”.

Panamanian exports grew 54.2% in the first quarter of 2021, after reaching a total FOB value of $ 806.3 million.

According to the IMF, the growth forecast for the Panamanian economy in 2021 is 12%, underpinned by the boost from the vaccination program, full-scale copper production and the recovery of private investment.

Moody’s reaffirms Banco General’s Baa2 rating, with a “Stable” outlook

The studies will identify the feasibility of developing the railway network of Line 5 of the Panama Metro.

According to a new World Bank report that estimates a 9.9% growth for Panama in 2021, only surpassed by Guyana.

The National Government of Panama greenlit the order to proceed with the construction of Line 3 of the Panama Metro.