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Venezuelan debt slashed in Panama

Tuesday, January 3, 2017

The debt  owed  by Venezuelan importers to Panamanian companies in the Colon Free Zone (ZLC) has been reduced from $400 million to about $40 million, officials said.

Deputy Foreign Minister Luis Miguel Hincapié told Efe that the lowering of the debit is the result of a “document clearance” carried out between the companies and the Panamanian free zone.

Source: Newsroom Panama