PANAMA REPORT: Spending in the Balance

PANAMA REPORT: Spending in the Balance

Panama

by Andrew Beatty With presidential elections scheduled for May 2008 and Panama’s ruling Revolutionary Democratic Party hoping to reap the benefits of the economic boom at the polls, a plethora of infrastructure projects should be advanced in the next few months. Many have yet to be fully financed, and they hang in the balance due to rocky market conditions. Still, projects potentially worth $17 billion in the near term have been tabled across a range of sectors. They are part of Panama’s dream of becoming the logistical and business center for LatAm, which may well end up being shattered by global crisis. A few government-funded infrastructure projects are certain to be complete

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