What are the latest news in Panama?

Panama declared a nationwide state of emergency in response to an intensifying El Niño weather phenomenon that has exacerbated drought conditions across Central America. The emergency status is aimed at expediting government resources to protect water supply, agriculture, and energy infrastructure. -The Weather Network+ 1———Panama Canal Disruptions & Slot Auctions Due to low water levels in the watershed feeding Gatún Lake, the Panama Canal Authority announced phased restrictions on daily vessel crossings.

• Daily transits are being reduced from 36 down to 34, with further cuts to 32 transits per day. The Tico Times———
• The tightening transit limits led to a record-breaking auction payment of $5.3 million by a commercial carrier seeking an expedited transit slot. -The Tico Times——–
• Draft limit adjustments are also being managed to ensure safe navigation while conserving reservoir water.- The Western Producer———

Economy and Mining Oversight

• Growth Outlook: Panama’s economy is projected to grow around 3.5% to 4%, driven primarily by logistics, financial services, and construction, despite pressures on public finances and persistent labor informality. -Allianz Trade——–
• Cobre Panamá Mine: Debate continues regarding environmental audits and asset management following the shutdown of the major First Quantum Minerals copper mine, as the administration navigates arbitration claims and environmental restoration plans.

Security and Regional Policy

• The administration under President José Raúl Mulino has continued to tighten border security and migration enforcement across the Darién Gap while restructuring oversight of key maritime ports and infrastructure concessions.

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