The country loses more than 60 million dollars a day due to road closures

The country loses between 60 and 90 million dollars a day due to road closures, the president warned Chamber of Commerce, Industry and Agriculture of Panama (Cciap), Adolfo Fábrega.

The fact that many people did not go to work, for fear of being caught in the middle of a protest, makes the impact that the closure could have this Monday greater, he pointed out. Fabregas.

The union warns of the economic effect that these mobilizations can produce in the last two months of the year, the most important for the economy and national trade, he indicated.

The mistrust of consumers, who do not know whether to go out on the street, drastically affects the economy, but also the existence of small and medium-sized businesses, repeated the businessman.

“Panamanians live in a situation that requires the search for new forms of protest that manage to attract public attention and support without harming third parties,” he warned the president of this union, Adolfo Fábrega, in his Sunday report.

“The street closures that we Panamanians have been suffering recently, instead of improving the causes for which traffic is allegedly being disrupted, ends up harming thousands of honest Panamanians who report to their workplaces every day or are just out on the streets making a living”they add from the union.

He Minister of Trade and Industry, Federico Alfaro, He also called for common sense. “We know the consequences of thousands of Panamanians trying to get to their jobs, to medical appointments, as well as the impact it has on the national economy,” he said.

Business associations such as Association of Restaurants and Related Restaurants of Panama They announced this Monday and called for the need to find a solution that would reconcile the struggle of citizens with unrestricted access to free movement, without causing harm to any of the parties involved.

Temístocles Rosas, president lPanama Association of Business Executives (Apede), He noted that it is premature to quantify the economic losses these latest closures could generate.

However, he admits that the paralysis of economic activity will affect micro, small and medium-sized enterprises who have to face the payroll with a number of days off during the first two weeks of the month of November.

“Each time a street is blocked, citizens traveling to work, school or enterprise are harmed. This means the cancellation of thousands of job interviews, school classes, medical examinations and significant economic losses.” announced the Chamber of Commerce.

paralysis
The protests registered this Monday forced the Panamanian mass transit company – Mi Bus to temporarily suspend certain routes, and traffic on important roads, including the Southern Corridor, was also suspended, the State Highway Company (ENA) reported.

Likewise, banking entities suspended their operations early as a security measure, among them i National Bank of Panama which hit the customers of more than 50 branches across the country.