Economic Reactivation: Proposals to Shorten Deadlines

After five months of restrictions on productive activities, the Panamanian business sector proposes to shorten the dates of the "Updated Plan for National-Provincial Reopening" and to set that schedule in September.

Monday, August 31, 2020

For the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP), the country is not only experiencing a health pandemic, it is also in the midst of a socio-economic crisis that has affected businesses, the labor market and the State's revenues. Currently, there are activities that cannot go on for another week without operating.

The opening does not imply that all businesses will open immediately, since most are in a situation of financial difficulty. Considering the experience of the resumption of previous activities, the gradualness will be forced, details a statement signed by Jean-Pierre Leignadier, president of the CCIAP.

The document dated August 30, 2020 adds that "... there is no need for such a spaced schedule or more restrictions, that is why the main private sector associations have proposed to shorten the dates and frame the schedule in September."

Currently, the indicators that the National Government established for these openings, which are the rate of infection or Rt, the lethality of the virus and the availability of beds in the Intensive Care Unit (ICU) and Respiratory Care Unit (RCU), are in compliance with what is required to open, says the business leader.

Check out the "System for monitoring markets and economic situation in the countries of Central America", developed by CentralAmericaData.

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