Moderators Moderator_02 Posted June 13, 2018 Moderators Share Posted June 13, 2018 Quote Panama: $75 million for Customs Modernization The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts. Monday, June 11, 2018 According to a decree published on June 5 in the Official Gazette, " ... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB) has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)."The loan will be used to finance the "Customs Logistics Integration Program", which consists of improvement to the country's logistics sector through the modernization of processes, technology, infrastructure and fiscal and parafiscal control equipment in the three Costa Rican border posts (Paso Canoas, Guabito and Rio Sereno).According to the decree, the term of the loan will be 25 years and the period of disbursement will be five years from the date of entry into force of the contract. See Cabinet Decree No. 26. (In Spanish) https://www.centralamericadata.com/en/article/main/Panama_75_million_for_Customs_Modernization_1 Quote Link to comment Share on other sites More sharing options...
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