LatinNews Daily - 21 August 2025

*The administrator of the Panama Canal Authority (ACP), Ricaurte Vásquez, has announced that the executive has approved its budget for fiscal year (FY) 2026 (October 2025-September 2026), which envisages revenue of US$5.21bn. However, this is down from the US$5.62bn of revenue projected for FY2025. Vásquez was cited by the media as attributing the fall to a drop in the number of vessels transiting the Canal while ACP’s vice president of finances, Victor Vial, was cited as saying that for 2026, authorities are forecasting a drop of between 1,100-1,200 transits due to the global economic situation. In a statement the ACP highlights “a global context characterised by climate uncertainty, technological advances and geopolitical tensions.” Nonetheless the ACP envisages that the Panama Canal’s direct contributions to state coffers will amount to US$3.19bn in FY2026, up 14.5% on the budget approved for FY2025.

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