The government of the Republic of Panama has ordered the Panama Maritime Authority (AMP) to request all documentation related to the sale of 90% of Panama Ports Company's shares. The sale of this majority stake to the American company BlackRock has generated controversy and concern over its possible economic and strategic impacts on the country.
The Minister of the Presidency, Juan Carlos Orillac, assured that the government is taking immediate actions to protect national and citizen interests in light of this large-scale transaction. The Cabinet Council has formally instructed the AMP to gather detailed information about the sale and ensure that there are no negative effects for Panama.
A thorough review of the transaction has been requested, including legal, financial documentation, and any other relevant information. The Minister highlighted the importance of thoroughly understanding the details of the sale and ensuring compliance with established laws and regulations, as Panama Ports operates under a state concession contract.
Additionally, it was mentioned that the ongoing audits by the General Comptroller's Office of the Republic are fundamental in this evaluation process. These audits seek to analyze the financial and operational situation of the concessions granted by the State, including that of Panama Ports, to ensure transparency and efficiency in their operation.
Regarding the possible relationship between the Panama Canal and the ports operated by Panama Ports, the Minister clarified that there is no direct connection, as port concession processes are managed by the Panama Maritime Authority. Any future agreement regarding the port concession will be negotiated directly with the Government, not with the Canal.
On the other hand, the issue of the legality of the concession granted to Panama Ports was addressed, amid possible constitutional questions being evaluated by the Supreme Court. Although there is not yet an official statement on this, it was emphasized that the sales process continues until a definitive ruling is issued.
The Minister assured that there is no risk of interruptions in the operations of the Balboa and Cristóbal ports, as the Government has the authority to intervene to ensure their proper functioning in case of problems. Regarding the possibility of selling the remaining 10% of the concession shares, the government does not rule out that option depending on the results of the audits and benefits for the country.
