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Panama maintains BBB qualification in Investment Grading by Fitch

Fitch ratings has informed that Panama maintains its qualification of Investment Grade at BBB, demonstrating a stable perspective. This is due to the elements that support a high investment rate like: macroeconomic and sustainable performance, changes in public politics that have improved the per capita income, the geographical position of the country and of course, the Canal

The Economy and Finance Ministry points out that there’s a growth prediction of the Per Capita Income by 5.8% in 2019 and 5.5% in 2020. It is considered that the company Panama Mining, that started operations in February, will give an impulse to the economic recovery this year., along with infrastructure projects like the 3rd line of the subway and the fourth bridge over the Canal.

Even though there was a slowdown in the growth of the Per Capita income in 2018 , it was mitigated at the end of the year, thanks to the recovery of exporting activities at the Colon Free Zone and the production of the recent expansion of the Canal.

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