Slimline Puebla-Panama Plan to shed 95 percent of its projects

The Puebla-Panama Plan is to be stripped of 95 percent of its projects in order to make it viable, Mexican Foreign Secretary Patricia Espinosa said at a meeting in Medellín of the seven countries involved.

Wednesday, June 4, 2008

The plan was launched by Mexico in 2001 in an effort to promote prosperity in southern Mexico and Central America. But it had taken on more projects than it could handle, Espinosa said.
"We'd reached a situation in which there were about 100 project included in the plan. Now we've decided to purge the list and define the projects that we really want to concentrate on," she added.

More on this topic

Honduras Left Out of LA Caribbean Summit

February 2010

The new Government of Honduras was excluded from the Summit, which begins next Sunday in Cancun, Mexico.

Patricia Espinosa, Mexico’s state secretary, explained that a decision by the Organization of the American States was required for Honduras to participate in the event.

Regional leaders launch Meso-American Project for development

July 2008

The leaders of Mexico, Colombia and Central America concluded their two-day meeting in Mexico with the Declaration of Villahermosa that buried the Puebla-Panama Plan and replaced it with the Meso-American Project.

The new initiative, like its predecessor, aims to promote regional integration so as to create more prosperous societies with improved economic infrastructure.

Bids to be in by September for US$8 billion regional refinery

June 2008

Mexico's proposal for a US$8 billion refinery in Central America is going ahead and bids for the project are to be presented in September, Gerónimo Gutiérrez, Mexico's deputy foreign minister said.

The 360,000 barrels-per-day refinery was proposed as part of the Puebla-Panama Plan, which was relaunched at the weekend as the Meso-American Project.

Plan Puebla Panama and Integration to be discussed at presidential meetings

June 2008

The presidents of the region have back-to-back meetings today in El Salvador and tomorrow in Mexico, to discuss regional integration and the re-starting of the Plan Puebla Panama.

Presidents from Central America, Mexico and Colombia will meet Saturday in the Mexican city of Villahermosa, where the theme will be Plan Puebla Panama.

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