Controller Flores Criticizes 1997 Port Contract Negotiate

Controller Flores acknowledges that during the audits of mixed companies, there are firms that have not been good partners for the State, highlighting issues with a 1997 port concession contract.


Controller Flores Criticizes 1997 Port Contract Negotiate

The Comptroller of the Republic of Panama, Gerardo Flores, made an important statement regarding the audits being carried out on mixed companies in the country. Flores admitted that during this process it has been discovered that there are companies that have not acted as the best partner for the Panamanian state.

According to Flores' statements, some of these companies have harmed the interests of the state, especially concerning concession contracts. In particular, the Comptroller mentioned a port concession contract negotiated in 1997, which he considers was made unfavorably for Panama.

Flores' statement highlights the importance of carefully reviewing agreements between the state and mixed companies to ensure transparency and protect the interests of Panama. Through the ongoing audits, the aim is to identify possible irregularities and ensure that companies fulfill their obligations fairly and equitably. The work of the Comptroller's office in this regard is crucial in the context of strengthening accountability and the efficient management of public resources.