Panama  prepares  "the day after" plan for economy

 
1,158Views 4Comments Posted 01/04/2020

Panama has prepared an action plan to reactivate the economy "the day after" the pandemic while guaranteeing a   safety net for unpaid service bills said president Laurentino Cortizo in an address to the nation on Tuesday, March 31.  

Speaking from the Atlapa convention center, the collection point for the Panama Solidarity plan, to support low-income citizens with food bags and vouchers he reported that 106 measures to manage the economy are already on the list and 27 of them are decisions already taken.

He mentioned the moratorium that banks will give in personal loans, mortgages and credit cards, announced by a group of banks earlier in the day.

The president also announced that next week he will give information on the contribution that officials who earn salaries above $1,000 will make to the Panama Solidarity plan.

Cortizo also said that there will be no water, electricity, internet or telephone cuts for unpaid bills.

 



Comments 4

user
Wenny

The #1 think the government needs to remember before "The day after plan" is once the virus curve has gone down and flattened it, it needs to wait an additional two weeks before taking off the restrictions. Otherwise the curve will go back up. This is what happened in the 1918 Spanish Flu epidemic when they opened up too soon. A new procedure that is also proving helpful is for anybody to be outside around other people to always wear a mask. Otherwise, Panama is doing a great job.

1 month ago
user
Wenny

The #1 think the government needs to remember before "The day after plan" is once the virus curve has gone down and flattened it, it needs to wait an additional two weeks before taking off the restrictions. Otherwise the curve will go back up. This is what happened in the 1918 Spanish Flu epidemic when they opened up too soon. A new procedure that is also proving helpful is for anybody to be outside around other people to always wear a mask. Otherwise, Panama is doing a great job.

1 month ago
user
Panama

This virus is just the pin that broke the everything bubble in the US ,thus the rest of the world will fold up the the US is doing now. The US and so Panama also are in for hard times like we alive have not seen before. Last yr 7000 large companies in the US closed .this is before the virus in the so calked great economy.unemployment claims in the US are usually about 200.000 .last week 3.2 million .the goverments are not putting this bubble back together

1 month ago
user
CatHair

the economy was never really activated before this virus so you better make big changes, especially with tourism

1 month ago
The comments are the responsibility of each author who freely expresses his opinion and not that of Newsroom Panama.
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