The Council of Cabinet approved this Tuesday Decree No. 1-26, which amends Cabinet Decree No. 33 of August 6, 2024, amended by Cabinet Decree No. 7 of February 4, 2025. This decree pre-authorizes the Republic of Panama, through the Ministry of Economy and Finance (MEF), to sign financing structures for the seasonal liquidity needs of the State. The decree authorizes the signing of financing structures with various local and international financial entities for an accumulated and revolving amount of up to twelve billion United States dollars with 00/100 ($12,000,000,000.00) at the time favorable market conditions for Panama arise. This would cover the State's seasonal liquidity needs, the payment of other State obligations and/or carry out liability management operations. The MEF considers that the strategy of signing financing structures for the State's seasonal liquidity needs has been convenient, as it has allowed for constant receipt of proposals from the local and international financial sector, generating greater competition, as well as diversifying the currencies and resource sources of the Republic of Panama and timely executing financing structures with better conditions for the State.
