Attracting capital is difficult

We must attract more investment to generate more economic growth.

Thursday, June 5, 2008

Much of the discussion has been directed toward attracting more physical investment or specified productive projects. The quest for encouraging concessions, which the last Government carried out, is one example.
Now that the main opponents of this proposal have become the Government, perhaps things will change.

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Panama as seen by the IMF in February 2012

March 2012

Macroconomic stability and policies of greater social inclusion have reduced unemployment rates to historical levels and improved poverty levels.

A press release issued by the IMF on March 16th, 2012, says:

IMF Executive Board Concludes 2011 Article IV Consultation with Panama

Panama's Economy Growing at Double-Digits

September 2011

During the second quarter of 2011, Panama's economic growth was 11.4%, reaching 10.3% during the first six months of the year.

A statement from the Panamanian Ministry of Economy and Finance reads:

Panama's economic growth for the second quarter of 2011 was 11.4% and in the first half was 10.3%, as reported by the minister of Economy and Finance, Frank De Lima, citing figures from the Controller General of the Republic.

International Mobility of Human Talent

May 2011

"If a person with 20 years of education emigrates and another person, with 12 years of education immigrates, the country has suffered a net loss of 8 years of investment in training."

The retention of human capital and recruitment of highly qualified human resources from other countries is of vital importance to nations.

Multinationals Generate New Business Areas in Panama

May 2011

The demand for goods and services established by multinationals in the country is generating opportunities for local entrepreneurs.

Manuel Ferreira, director of Economic Affairs in the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), cites as an example the growth that transport companies have had in meeting the high demand for transport services for the executives of the multinationals.

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