Protests Impact Construction Industry in Panama

The business association Capac estimates losses of 90 million dollars daily due to protests against the Social Security reform in Panama. The situation is worsened by the security agreement with the U.S.


Protests Impact Construction Industry in Panama

The construction business union Capac has estimated its losses at around 90 million dollars daily due to the third week of protests against the Social Security reform and the security agreement with the U.S.

These two issues have generated an atmosphere of instability in Panama, leading to daily demonstrations and impacts on various productive sectors of the country.

According to statements from the union, the losses amount to 90 million dollars per day due to the paralysis of works and projects in the construction sector.

On the other hand, protests against the Social Security reform have intensified in the streets, with demonstrators demanding the repeal of this measure that affects Panamanian workers.

Amid this situation, controversy has also arisen over the security agreement signed between Panama and the United States, which has generated discontent in sectors of the population who believe that this pact compromises the sovereignty of the country.

In light of this situation, Panamanian authorities are closely monitoring the evolution of the protests and are seeking solutions to restore calm and reactivate the economy affected by these conflicts. In this regard, the business union Capac has urged for dialogue among all parties involved to seek consensual solutions to these issues that keep the nation on edge.