President Laurentino Cortizo reiterated that the contract with Mining of Panamawith appropriate modifications approved by Cabinet Council“it’s good for the country.”
Cortizo added that this, among other benefits, represents the delivery to the country of Panama of approx 800 million dollars.
“This contract is good for the state, for more than 114 thousand pensioners and retirees; It is good for the disability, old age and death program; This is good for the three districts next to the mine, whose settlements are very vulnerable, and it is good for improving the quality of education, because they are distributed $20 million for the Institute for Educator Improvement and Welfare“, said the president during the press conference he held during the Community Work Tour in Veraguas.
Cortizo explained that when this contract is approved and sanctioned, the Panamanian state ensures the income from the company through two checks, one corresponding to the year 2022. 395 million dollars and the other for 375 million dollars; or about 800 million dollars.
The president indicated that it is a contract that goes from 35 million dollars which the mining company paid 375 million dollars now when they will be intended for work in the areas next to the mine; for IVM CSS, for the Institute for the Advancement and Care of Educators, as well as an increase for pensioners and pensioners so that no one receives a pension under $350 per month.
He explained that the changes approved by the Government after citizens’ opinions were considered binding during the first discussion on the project in Committee on Trade and Economic Affairs of the National Assemblyit will now go through for approval Chief Controller of the Republic and then to appropriate debates in the legislative body.
As for the following summit of Latin American presidents In order to analyze the issue of immigration, which will be held in Chiapas, Mexico, President Cortizo emphasized that he hopes that at that meeting the rulers will “come to an agreement” in order to achieve an orderly flow and that in this process of regulating the human rights of thousands of people who they decide to cross the “jungle of death”.
“We must agree as Latin American brothers, we must reach an agreement; I understand the president’s position Colombia, Gustavo Petroabout the blockade of Venezuela and the causes of migration, but we must reach an agreement and make progress in improving people’s living conditions,” he said.
He specified that so far nine presidents from the region have been confirmed for the summit to be held in Chiapas, including the leaders of Venezuela, Colombia and Costa Rica.
Cortizo pointed out that he hopes that this meeting will October 22 is a far cry from the rhetoric that still prevails in most of these types of meetings. He indicated that the leaders have already observed the issue of migration, they must analyze, make recommendations and present proposals; “We don’t want rhetoric,” the president insisted.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
