Banking Convention in Panama

The Panamanian Banking Association will hold the XVIII Banking Convention on March 18 and 19, a "mandatory" event for member banks.

Tuesday, March 10, 2009

Tagnia Shocrón wrote in Laestrella.com.pa: "The ABP will learn about the practical, rather than the theoretical, plans of the presidential candidates for banking because Ricardo Martinelli, from Cambio Democratico (Democratic Change,) and Balbina Herrera, from the PRD (Revolutionary Democratic Party), will open the event. Carlos Madeiros from the International Monetary Fund will also be invited.

By the same token, other subjects such as supervision, ethics, regulation and the financial crisis will be addressed."

More on this topic

Rejection of Stimulus Program Conditions

May 2009

Panamanian banks will not use Financial Stimulus Program funds due to their terms and conditions.

The Banking Association of Panama, through its president, Mosi Cohen, told the new government’s transition team that banks have not and will not use Financial Stimulus Program (PEF) funds unless there is a change in the terms and conditions.

Aid proposed for Panama banks

January 2009

The Panama Bank Association (ABP) recommended that the Government start, as soon as possible, a program to reactivate the economy via the banks.

Prensa.com reports: "This means that the State can drive the economy via local banks by granting loans to sectors that will generate employment and wealth for the country," said the new president of the ABP, Moises Cohen, in his inauguration speech.

No Latin American country will be saved from crisis

October 2008

The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.

Daboub, ex minister of Economy for El Salvador, will be in Panama next week and in his country of origin, where he will participate in the Ibero-American Summit.

Analysts see adverse effects in the Salvadoran economy

September 2008

Lower economic activity and the rise in interest rates are signs that the economy is being affected by the financial crisis in the US.

Some economic analysts warned yesterday that the effects from the financial crisis in the United States, which has been going on for over a year and which has gotten worse recently, are beginning to show up in the Salvadoran economy.

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