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Caribbean & Central America - March 2011 (ISSN 1741-4458)
PANAMA: Martinelli flip-flops over mining
President Ricardo Martinelli this month bowed to popular pressure and
agreed to repeal the recently approved changes to the 1963 mining law which
would have opened the sector up to foreign government investment. Martinelli's
reversal signifies the second major political defeat by his pro-business
government since taking office in July 2009, following his U-turn over the
so-called Ley Chorizo (his failed attempt at weakening union and
environmental legislation) in July last.
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