Martinelli Lays Out a New Way for Panama
The difficult job of overcoming the economic crisis will have a very eclectic guide who will combine big state projects with the drive of private enterprises.
Thursday, July 2, 2009
The economic maneuvering announced in new Ricardo Martinelli’s inaugural address, will have four main axes: The construction of the Metro and the completion of big public works projects that are already underway, along with the maintenance of the momentum of the construction industry after completing the expansion of the Canal. A social policy that includes the use of subsidies for the construction of housing projects. A Ministry has been created for the promotion of small and medium sized businesses. Finally, opening the Panamanian economy to more international trade through more free trade agreements.
A study by the Labor Ministry concluded that the economy will generate 21,000 new jobs in the next four years.
A solidarity housing fund was announced by the President, when inaugurating trade show "Capac Expo Hábitat 2009".
The State will invest $12 billion during the five years of the Martinelli administration, 7% of the expected GDP.
Upon assuming the Presidency of Panama, Ricardo Martinelli assured that this will be the best way to create jobs and prosperity for all.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar