Panama Will Be the Best Place for Business

Upon assuming the Presidency of Panama, Ricardo Martinelli assured that this will be the best way to create jobs and prosperity for all.

Wednesday, July 1, 2009

In his inaugural address, the new leader emphasized that he will push a liberal economic model, going against the “ideological pendulum in Latin America.”

He said that he would rely on his experience in Panama’s private sector, promising to open doors to investment, reduce bureaucracy of the State, and impose “agility, efficiency, and transparency” to the process beginning today.

Among the works he will promote, and considering it a priority, is the construction of the Metro in Panama City.

Before the presidential inauguration ceremony, Martinelli met with Presidents Calderon and Uribe of Mexico and Colombia respectively, to coordinate a narcotics trafficking command between the three countries.

Produced by CentralAmericaData.com with sources from television and Panama’s online press.

More on this topic

Japan to Finance Panamanian Monorail

November 2012

President Ricardo Martinelli has said that China will finance the construction of a monorail line in Panama City.

The work is for the third phase of the Metro and is located in the western sector of the province of Panama.

According to Martinelli, funding will be long term and with low interest rates.

Something Smells Bad in Panama

May 2012

Maybe it's just paper and ink. There are allegations of corruption that should be clarified by the justice department, but the objective facts of Panamanian reality do not match the poor results from opinion polls on the Martinelli administration.

EDITORIAL

An opinion piece published in Martesfinanciero.com by Gustavo Chelew is blunt in pointing out, under the title "What we are doing", the damage that constant criticism and inflaming public opinion against President Ricardo Martinelli and his governing actions causes to Panama.

Panama to Host the 2014 World Economic Forum

September 2011

Ricardo Martinelli and the president of the World Economic Forum have agreed that Panama will be the site of the annual event in Latin America, when more than 1000 businesses from around the world will gather together.

A statement by the Presidency of Panama reads:

Panama has managed to attract interest from new U.S. investors and become the site of the World Economic Forum 2014.

Martinelli Lays Out a New Way for Panama

July 2009

The difficult job of overcoming the economic crisis will have a very eclectic guide who will combine big state projects with the drive of private enterprises.

The economic maneuvering announced in new Ricardo Martinelli’s inaugural address, will have four main axes: The construction of the Metro and the completion of big public works projects that are already underway, along with the maintenance of the momentum of the construction industry after completing the expansion of the Canal. A social policy that includes the use of subsidies for the construction of housing projects. A Ministry has been created for the promotion of small and medium sized businesses. Finally, opening the Panamanian economy to more international trade through more free trade agreements.

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