• 1 404 382 0398
  • 507 320 4310
  • +507 6909-6781
  • lisa@panamaequity.com
  • English
    • Español
  • Start Here
  • Panama Properties
    • For Sale
    • For Rent
    • List Your Property
    • Panama City Building Directory
    • Panama City Pre-Construction Listings
  • About Us
    • Blog & Guides
      • Panama Guides
      • News & Insights
    • List Your Property
    • Property Management in Panama
  • Join Our Team
  • Contact Us
Menu
  • Start Here
  • Panama Properties
    • For Sale
    • For Rent
    • List Your Property
    • Panama City Building Directory
    • Panama City Pre-Construction Listings
  • About Us
    • Blog & Guides
      • Panama Guides
      • News & Insights
    • List Your Property
    • Property Management in Panama
  • Join Our Team
  • Contact Us
  • About
  • Buy
  • Rent
  • Sell
  • Guides
  • Property Management
  • News & Insights
  • Join Our Team
  • Contact
Menu
  • About
  • Buy
  • Rent
  • Sell
  • Guides
  • Property Management
  • News & Insights
  • Join Our Team
  • Contact
  + 011 507 320 4310
1 404 382 0398
  • English
    • Español
New Condos in Casco Viejo, Panama Casa Variedades
New Condos in Casco Viejo, Panama Casa Variedades
  • Start Here
  • Panama Properties
    • For Sale
    • For Rent
    • List Your Property
    • Panama City Building Directory
    • Panama City Pre-Construction Listings
  • About Us
    • Blog & Guides
      • Panama Guides
      • News & Insights
    • List Your Property
    • Property Management in Panama
  • Join Our Team
  • Contact
  • My Account
Menu
  • Start Here
  • Panama Properties
    • For Sale
    • For Rent
    • List Your Property
    • Panama City Building Directory
    • Panama City Pre-Construction Listings
  • About Us
    • Blog & Guides
      • Panama Guides
      • News & Insights
    • List Your Property
    • Property Management in Panama
  • Join Our Team
  • Contact
  • My Account
  • English
    • Español (Spanish)
  • 1 404 382 0398
  • 507 320 4310
  • +507 6909 6781
  • lisa@panamaequity.com
Unclogging the Bottleneck in Panama- Waiting for the Party to Start

The First 100 days for the New President of Panama: A Progress Report from Panama Equity

By

Kent Davis

Posted in Blog, Economy, Exploring & Living in Panama On November 11, 2014

President Varela’s First 100 Days In Office: A Progress Report

The slowdown always comes as everyone is waiting for the answers after the elections in Panama:  Who is going to stay, who are the new players, what projects are getting canned, and what are the new administration’s priorities?

Five months later , and it seems like the May post-election “slowdown” was more like a 24-hour speed bump.

One sign of things to come: the local economy (and more importantly the international investment community) seems to have welcomed the new President with open arms: this month’s GDP numbers (6.3% growth YTD) included a staggering 26% increase over last year’s figure of foreign direct investment to the tune of $575 million.

Long story short, that means big players like the World Bank and the Andean Bank seem to think that Panama’s new leader (and the country he’s been chosen to lead) are on stable enough tracks to warrant some heavy investment.

President Juan Carlos Varela has recently completed his first 100 days in office and we’ve already seen a number of major announcements. He’s allocated funds to ramp up Panama’s tourism efforts, announced social initiatives like education reform and social housing projects, and made it clear that he will define Panama’s environmental priorities by creating a separate department of the environment with its own top level executive division all starting 2015 when the new state budget kicks in.

Varela has managed to delay an all-out trade war with Colombia, pacify the various feuding labor unions, and keep feeding the beast of an economy that his predecessor Ricardo Martinelli managed to whip into a frenzy starting in 2009.

Of course, Panama still has major problems to face: the public education system remains in shambles, the witch hunt against the former administration’s record setting corruption is just getting started, and the government continues to push the debt ceiling higher and higher.  But I for one am confident that President Varela can keep the party going up through the day that the Panama Canal expansion project is completed.

Then an even bigger party begins…

 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Search
Generic filters

Categories

Featured Properties

Featured
Nuovo Panama Bella Vista condo for rent
View Property

Luxury Living In Nuovo By Armani/Casa: Furnished Corner Condo For Rent

This furnished corner condo for rent is an excellent property…

Bedrooms
2
Bathrooms
3
Area
100 m2
For Rent

$2,100

Featured
Rivage Panama Avenida Balboa condo for rent
View Property

Beautiful Furnished Condo for Rent in Avenida Balboa

Breath-taking views and comfort in this mid-floor condo located on…

Bedrooms
2
Bathrooms
2
Area
176 m2
For Rent

$2,300

Featured
View Property

Incredible Views From Every Angle In This Avenida Balboa Condo for rent in PH Destiny

This recently renovated condo for rent in P.H Destiny Tower…

Bedrooms
1
Bathrooms
1.5
Area
95 m2
Rented

$1,350

Contact Us

EDIFICIO SORTIS, OFICINA 20TH FLOOR OBARRIO, PANAMA
OFFICE: +507 320-4310
USA DIRECT: +1-404-382-0398
  • About
  • For Rent
  • Panama Guides
  • News & Insights
  • Contact
Menu
  • About
  • For Rent
  • Panama Guides
  • News & Insights
  • Contact
  • For Sale
  • List Your Property
  • Panama City Building Directory
  • Best Places in Panama
  • Property Management
Menu
  • For Sale
  • List Your Property
  • Panama City Building Directory
  • Best Places in Panama
  • Property Management
Facebook Twitter Instagram Linkedin Youtube
Send Email
  • English
    • Español (Spanish)
  • Account
  • Blog Posts
  • Pre-Construction
  • Join Our Team
  • Privacy Policy
Menu
  • Account
  • Blog Posts
  • Pre-Construction
  • Join Our Team
  • Privacy Policy
Copyright © 2023 Panama Equity. All Rights Reserved.