USA Intervention in the Panama Canal

The Office of the Comptroller General of Panama announced that concessions for the ports of Balboa and Cristobal will be stripped from the Chinese. Additionally, a bilateral technical commission will be formed with the USA to intervene in the operations of the Canal.


USA Intervention in the Panama Canal

According to the General Comptroller's Office, it has been concluded that the Chinese will be stripped of the concessions of the ports of Balboa and Cristóbal following the audits conducted. This decision opens the door to a possible intervention by the United States in the operations of the Panama Canal.

Panama has accepted the creation of a "bilateral technical commission" with the United States in the coming days to address this matter. This action is expected to have a significant impact on the contracts related to the administration of the ports and canal operations.

In the words of the General Comptroller's Office, "The audits have revealed inconsistencies and possible irregularities that justify the revocation of the concessions granted to the Chinese company." This poses a scenario where important changes in port management and the overall operation of one of the world's most important navigable waterways are imminent.