Panama: $75 million for Customs Modernization

With a loan from the IDB, part of the investments in infrastructure and fiscal control equipment will be financed at the country's customs posts.

Friday, May 18, 2018

From a statement issued by the Ministry of Economy and Finance:

May 17, 2018 The National Economic Council (CENA) endorsed a draft loan agreement for B /. 75 million between the Ministry of Economy and Finance (MEF) and the Inter-American Development Bank (IDB) to finance the implementation of the Customs Logistics Integration Program. 
The program seeks to contribute to the improvement of Panama´s logistics sector through the modernization of processes, technology, infrastructure and fiscal and parafiscal control equipment in the three border posts with Costa Rica; Paso Canoas, Guabito and Rio Sereno, ensuring traceability in Panama's fiscal routes.

Read full release (in Spanish).

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