Investment Opportunities in Panama for Spanish Companies.
German Rios, Director of Strategic Affairs in CAF -development bank of Latin America-, participated today in a breakfast organized by Expansión in the Instituto de Empresa de Madrid.
The opening and presentation of the talk Investment Opportunities in Panama was in charge of Francisco Alvarez de Soto, Deputy Foreign Minister of the Republic of Panama, who acknowledged the excellent situation which Panama is undergoing, with a growth exceeding 10%, thus communicating the opportunities that Panama offers to Spanish companies in the different economic sectors.
German Rios, CAF's Director of Strategic Affairs for Europe, highlighted the support offered by CAF to this country, which is a full member of the Institution. Rios explained CAF's activities in Panama, which range from financing the expansion of the Panama Canal to other projects related to the water, sanitation, and road infrastructure sectors, among others.
In addition, CAF's Director of Strategic Affairs ratified the Institution's interest in supporting and financing Spanish large enterprises and SMEs that decide to internationalize their businesses in Panama, both for projects that are currently under development as well as others in the future. German Rios defined Panama as "an Asian economy in Latin America" and congratulated the Panamanian government for the country's great advances regarding competitiveness, innovation, technology, and improvement of the business climate.
The talk was closed by Jaime Garcia-Legaz, Spanish Trade Minister, highlighting the excellent relationship between Spain and Panama, which is evidenced by the different institutional visits which have been carried out in past months in both directions. In addition, he agreed on the importance of Panama for Spanish companies in the current economic situation.
The mission of CAF -development bank of Latin America- is to promote sustainable development and regional integration through the financing of projects in the public and private sectors, the provision of technical cooperation, and other specialized services. Established in 1970, and currently made up by 18 countries ―16 in Latin America and The Caribbean in addition to Spain and Portugal― and 14 private banks, it is one of the main sources of multilateral financing and an important generator of knowledge for the region. For more information, visit www.caf.com
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