Negative ratings bracket Panama  with Macao and Lebanon

 
857Views 3Comments Posted 07/02/2021

The negative Fitch and Moody ratings reveal the “questionable handling “ of  the pandemic with one of the “the worst performances in the world, next to economies such as Macao, the Maldives and Lebanon said  Panama’s Chamber of Commerce, Industries and  Agriculture (Cciap) on Sunday, February 7 .

According to the Cciap,  “This is reflected in the loss of thousands of jobs and companies that we now Chamber to recover without first reiterating the support that the Government must show us. It is time to open the economy in a sustained way, "added the Chamber.

It indicated that we are all called to understand the impact of the reduction of the risk rating and to take the measures "to move Panama forward."

“During the last few years, by maintaining investment grade, we have enjoyed as a country high foreign investment and unprecedented access to financial markets, which has allowed significant economic growth leveraged in infrastructure works, commercial and residential construction. ; as well as the development of our connectivity hub that boosted tourism, creating thousands of jobs,” said Cciap

According to the union, when an increase in indebtedness is not accompanied by an increase in productivity to sustain its growth, the risk rating immediately deteriorates, access to credit becomes difficult and more expensive for the country, as well as for companies and citizens. "When countries lose their investment grade, eventually, they can lose access to credit and foreign investment," it added.

 



Comments 3

user
Oh ya

Yup thats what happens when uneducated politicians listen to someone like Dr Falsy. A guy that changed his story every week. Kill your economy because 99.7% of the people live and the other. 03% die mostly because of their earlier lifestyle. Plus now Panama is in debt to the IMF, whoch is like dealing with Luis the loan shark

18 days ago
user
George Klk

Panama | Lose Access To Credit And Foreign Investments...As Planned. China now, jumps in to continue...predatory lending! Predatory lending with their $TRILLIONS$ and the U.S.? Busy trying to offer more $TRILLIONS$ with ongoing debates...Covid - 19 relief packages! The Trump do nothing policy of the well planned China, Wuhan Covid - 19... global killing, infectious disease invasion. All foretold in Christian biblical prophecy...just waiting for war and famine! Iran just needs...(U.S. to lift the sanctions, waiting for...U.S. president Biden). Iran just...waiting and waiting and waiting...the key is U.S. president Biden...sleepy Joe Biden)! Panama...get ready for shipments of medical emergency equipment supplies!

19 days ago
user
George Klk

Panama | Lose Access To Credit And Foreign Investments...As Planned. China now, jumps in to continue...predatory lending! Predatory lending with their $TRILLIONS$ and the U.S.? Busy trying to offer more $TRILLIONS$ with ongoing debates...Covid - 19 relief packages! The Trump do nothing policy of the well planned China, Wuhan Covid - 19... global killing, infectious disease invasion. All foretold in Christian biblical prophecy...just waiting for war and famine! Iran just needs...(U.S. to lift the sanctions, waiting for...U.S. president Biden). Iran just...waiting and waiting and waiting...the key is U.S. president Biden...sleepy Joe Biden)! Panama...get ready for shipments of medical emergency equipment supplies!

19 days ago
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