Panama: Financial Stimulus Program Beginning to be UsedThree financial companies have requested a total of $100 million from the Financial Stimulus Program, which up to now had not been utilized.Tuesday, June 16, 2009 ![]() The three banks that requested funds from the Financial Stimulus Program (PEF), as confirmed by the executive of the National Bank of Panama, Darío Berbey, are firms with foreign and Panamanian capital. Due to issues of confidentiality, their names were not revealed. Source: Prensa.com Panama: Terms for the Financial Stimulus Program KnownApril 2009 The National Bank has announced the terms and conditions under which PEF loans can be accessed. Rejection of Stimulus Program ConditionsMay 2009 Panamanian banks will not use Financial Stimulus Program funds due to their terms and conditions. $500 Million Already Available for Panamanian BanksApril 2009 The $500 million contributed by the IDB for the financial incentives program will be available beginning on May 10. Panama: Financial Stimulus Program is ReadyApril 2009 The terms and conditions of the Financial Stimulus Program for banks to access the $1.11 billion are ready. |
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