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Panama aims to finance its budget in the stock market

Wednesday, March 27, 2013

Panama's government aims to finance its $16.2 billion national budget for this year by raising up to $700 million from the stock market.

The debt strategy being outlined by the Department of Public Credit does not include the use of international markets after a three-year absence.

Mahesh Khemlani, the deputy finance minister, has said that international markets are an attractive option given the interest rates being offered for investment-grade emerging markets.

Source (in Spanish): La Estrella