economy

Canal project offers hope

Economists hailed the Canal expansion as a boon for the country, ensuring growth even in hard times.

Financial analysts speaking at the XLII Annual Meeting of the Latin American Federation of Banks yesterday discussed the importance of $5 billion Canal expansion project in shoring up the country’s economic growth in the face of the shaky financial situation worldwide.

Experts at the conference also mentioned that the country’s prevailing credit regulations and guaranteed funds from multilateral banking firms constitutes another advantage.

Similar optimism was shared by BullTick Capital Market analyst Alberto Bernal and Jorge Suarez-Veles of Global Plus, representing two firms based in New York City, and the Panamanian economist Marco Fernández, of the consulting firm Indesa.