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This plan is an important document for domestic and foreign investors, as it outlines what initiatives the government will undertake in the various areas that affect the country's progress.
According to the document, "President Martinelli and his cabinet intend to establish Panama as the 'Hub of the Americas'". For such goal, his administration has set forth a number of objectives, including:
-Prioritize investment in those sectors where the country benefits from competitive advantages.
-Promote opportunities in less developed areas, in order to improve distribution of wealth.
-Strengthen government institutions and their connections with the private sector.
Source: Gaceta Oficial de Panamá
More on this topic
February 2010
The Inter-American Development Bank (IDB) will loan $1 billion to the Government of El Salvador to help finance its 5-year plan.
The Executive has promised to make this plan publicly available on February.
IDB’s contribution will be geared towards sanitation, health and fighting poverty.
December 2010
The government agenda is based on four areas: social welfare, public safety and social peace, environment and land management, competitiveness and innovation.
The plan presented by President Laura Chinchilla and the Minister of Planning, Laura Alfaro, proposed 11 major objectives, which included reducing unemployment from 7.8% in 2009, at a rate of 6% by 2014.
April 2010
Authorities presented a preview of the Five Year Development Plan 2010-2014; it stirred generalized criticism in the country.
Nearing its first year of tenure, the Funes administration has not yet presented its government plan, a delay that has been negatively seen by critics. Today they presented a document which is merely a draft with general guidelines, triggering further and stronger criticism.
May 2012
Representatives of the China Federation of Cooperatives are visiting Costa Rica in order to explore and promote opportunities for trade and investment between both countries.
From a press release from the Ministry of Foreign Trade in Costa Rica:
San Jose, May 10, 2012. Representatives of the Chinese Federation of Cooperatives, which unites more than 4,000 instances from various sectors, is visiting Costa Rica in order to explore and promote opportunities for trade and investment between both countries and promote joint projects in areas related to economic development . The Chinese delegation is headed by the Vice President of the organization, Yu Peishun.
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