Moody’s upgraded Panama’s outlook to positive from stable. Perhaps more significant was the agency’s statements lauding Panama’s economic evolution, centered largely on the $5.25 billion Panama Canal expansion project. Said Moody’s, “the Panamanian economy has continued to show remarkable and enduring dynamism, and is well positioned to grow at rates above its potential thanks to the expansion of the Panama Canal and the government’s ambitious efforts to improve and modernize the country’s infrastructure…Panama continues to be one of the fastest growing and diversified countries in the Baa rated category.” Source: NACM
BIIA member Asociación Panameña de Crédito (APC), Panama’s Consumer Credit Bureau, has observed that Panama is becoming a Caribbean Mini Hong Kong due to significant capital inflows as business and wealth moves from Venezuela to Panama. Asociación Panameña de Crédito (APC) is expanding into commercial credit information, thus becoming a new source for credit information in Panama.