Archive for May 20th, 2010

The Panamanian government announced that it will bring a defamation suit against the Costa Rican online daily Nuestro Pais. The news source published a series of injurious articles launched on May 7, making allegations of corruption, drug-connections, money-laundering, militarism and authoritarianism about Martinelli’s administration. The government release states that these libelous publications threaten State...
Read more »

Panama closed the first quarter of this year with a consolidated budget deficit equivalent to six percent of the country’s gross domestic product, or $114 million. By year’s end, however, Alberto Vallarino, Panama’s finance minister, expects the budget to near equilibrium or come very close. In 2007 and 2008, Panama saw budget surpluses but...
Read more »