LatinNews Daily - 30 March 2020

* Panama’s economy & finance (MEF) ministry has announced efforts to secure US$5.8bn in funding to address the economic impact of coronavirus (Covid-19) in the country. As well as the successful placement of US$2.5bn worth of sovereign bonds on international markets last week, the government led by President Laurentino Cortizo announced the restructuring of the state budget to secure US$2bn to address the impact of the virus. The national legislature has also approved the use of US$1.3bn from Panama’s savings fund (FAP)- a long-term savings instrument for the Panama state that was set up in 2012- to also address the pandemic if necessary.

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