A technical mission of the International Monetary Fund (IMF) began yesterday with a series of meetings with Honduran authorities to evaluate its economy.
Hotels are Looking to Improve their finances
As a result of the sanitary crisis caused by the covid-19 outbreak, hotel occupancy in Panama has fallen to historic levels and business income has gone up in smoke, a situation that is forcing hotels to look for options to renegotiate their debts.
Thursday, March 11, 2021 It is estimated that in this context of economic crisis, Panamanian hotels owe $630 million to financial institutions. Given the unpromising outlook, businessmen of the sector have suggested to the government to support the reactivation of the tourist activity.
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Armando Rodriguez, president of the Panamanian Association of Hotels (Apatel), told Laestrella.com.pa that