Panama To Host Cooperative Summit in 2012

The Autonomous Cooperative Institute has announced that in 2012 to mark the International Year of Cooperatives, the country will host the Second Summit of the Americas Cooperative.

Monday, October 10, 2011


A press release from the Presidency of the Republic reads:

This announcement was made by President of the Republic, Ricardo Martinelli, who said that this event is of great importance for the country as the cooperatives have become a key factor for economic and social development, as well as contributing to the eradication of poverty.

The president also said the National Assembly is currently discussing a new law on insurance and it would be important to consider incorporating the cooperatives so that they can venture into that market.

The president also mentioned that the presence of 567 national unions have been able to create 7,500 permanent jobs and over 25,000 indirect jobs.

"You are nation builders and cooperatives have helped improve the lives of many Panamanians," said the President.



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February 2018

Producers, technicians and researchers linked to the coffee business at the international level will be meeting in San Salvador from June 6 to 8, to discuss topics such as genetics and climate change.

"... The second edition of the conclave will take place from June 6 to 8 and this year it is expected that more than 700 attendees will take part from twenty countries, said Carlos Borgonovo, president of the Salvadoran Association of Coffee Roasters and Exporters (Abecafe)."

Cooperatives On the Rise in Panama

November 2010

The cooperative legal structure is becoming increasingly important in the country, especially in the multi-service and credit unions format.

According to statistics from the Panamanian Autonomous Cooperative Institute (IPACOOP), the country has 521 cooperatives, which manage a total of $ 1.4 billion. 80% provide multiple services or credit and savings products.

Panamanian Cooperatives Increase Profits by 50%

May 2009

At the close of fiscal year 2008, net income was $18 million, according to the Panamanian Autonomous Cooperative Institute (IPACOOP).

There are currently 458 cooperatives, of which 86% closed with profits, said Ramón Rodríguez, IPACOOP deputy executive.

Wilfredo Jordán reported the deputy director’s statements: "Cooperative profits are recorded after discounting 35% for reserves or social support.

Number of cooperatives in Panama grows by 20%

September 2008

Eighty-nine new cooperatives, mainly for savings and credits, have been setup in the country so far this year.

This is a 20% growth with regards to 2007, said the Technical Assistance Director of the Panama Institute of Autonomous Cooperatives (Ipacoop), Vielka Avis.

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