Panama modifies fiscal deficit law; obtains 2.2% credit
The finance ministry has projected that the deficit will range between 9 percent and 10.5 percent this year...
Tag : Panama
Panama upset with ‘tax haven’ tag
Central American nation rejects inclusion in the list of ‘tax havens’ released by the European Union...
OECD upgrades Panama’s financial transparency rating
OECD Global Forum announcement reflects reform accomplishments of President Varela's administration...
Panama requests France to work under equal conditions
Shares steps taken to reform its legal framework and strengthen service centre May 19, 2016: Luis Miguel Hincapie, Minister of Foreign Affairs of Panama, met with France’s Presidential Special Appointee for Latin America and the Caribbean, Jean-Pierre Bel. During the meeting in Paris, the Panamanian diplomat emphasised the importance of working under equal conditions to...
Delegation from Panama to meet OECD
Will discuss strengthened collaboration on financial transparency May 18, 2016: As part of President Juan Carlos Varela administration’s ongoing commitment to financial transparency, a delegation of government officials from Panama will travel to Paris this week to meet with members of the OECD to discuss various issues related to financial transparency. The visit follows an...
Panama papers: Joint statement on waked organisations
Regarding a ten-year investigation May 10, 2016: In light of the announcement made by the United States Department of Justice and the United States Department of the Treasury’s Office of Foreign Assets Control regarding a ten-year investigation of the waked organisations, Panama’s Attorney General, Banking Superintendent, and Securities Market Superintendent have issued the following statements...
Panama and Japan reach $2.6 billion agreement to fund Panama Metro
Project will benefit more than 500,000 people; represents first Japanese monorail in the Americas April 22, 2016: The Republic of Panama announced the signing of a historic agreement with the Government of Japan valued at PAB/USD $2.6 billion to fund the construction of Line 3 of Panama’s Metro, the largest project in Panama since the...
‘Panama Papers allegations are not representative of offshore financial industry’
The overwhelming majority of the offshore sector only provides services that are fully compliant and legal Nigel Green April 5, 2016: The allegations made in the Panama Papers case are not representative of the international financial services industry. Regards the leak of confidential documents from Panamanian law firm Mossack Fonseca, like many people, I have...
Grupo Aval — Central America’s largest financial conglomerate
Operates in 12 countries, serves more than 13 million banking customers, consolidates more than $68 billion in assets and has over $128 billion in assets under management February 8, 2016: Grupo Aval is Colombia and Central America’s largest financial conglomerate; it operates in 12 countries, serving more than 13 million banking customers and 11 million...