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Panama Will Propose a Multilateral Bank to Confront the Global Crisis
The perspectives of the Treaty of Commercial Promotion (TCP), between Panama and the United States and its approval by the United States Congress were discussed in the audience sustained between the President Martin Torrijos and the North American commercial representative Ron Kirk, before the beginning of the 5th Summit of the Americas in Trinidad and Tobago.
Torrijos also met with the Prime Minister of Barbados, David John Howard Thompson, with whom he raised the necessity of strengthening even more the economic and commercial relations between both countries.
At the conclusion of the bilateral meetings, the first vicepresident and chancellor of the Republic, Samuel Lewis Navarro, indicated that in this hemispheric summit, Panama will reiterate it’s proposal for the recapitalization of a multilateral bank that will operate in the region as a formula for confronting the economic crisis that affects the majority of the countries of the continent.
Lewis navarro added that this initiative fixes the official position of Panama inside the discussions that will be held by 34 heads of government and states of the member countries of the Organization of American States (OAS).
“This is a central topic that Panama has been pushing forward for some time and it will be newly remembered”, stated the minister of foreign relations.
Besides, he recognized that amongst the expectations generated at the contintental level is bringing up other sensitive topics such as the international fight against drug trafficking and organized crime to guarantee the governability of countries in the area.
Recently en Medellin, Colombia, President Martin Torrijos pondered the necessity of strengthening the International Bank of Development (IBD), when it acted as background speaker in the act of closure of the Assembly of Governors of the stated contintental banking institution.
Lewis Navarro congratulated likewise the initiative of the government of the United States of facilitating special conditions for Cuban-Americans for their travel without restrictions to Cuba and over the sending of remittances to the island, which in his judgment will receive attention of the particpants of this summit.
An outstanding point on the work agenda of the visit of President Torrijos to Port of Spain is constituted by the meeting that will be held with the President of the United States, Barack Obama, the presidents of those countries that belong to the System of Central American Integration, of which Panama is a signer, next Sunday morning.
The agenda of President Torrijos also includes meetings with members of both sides of the United States Congress such as Elliot Engel, Max Baucus, Charles Rangel, Sander Levin and Kevin Brady.
The official delegation of Panama that participates in the Summit of the Americas is made up of, apart from Chancellor Lewis Navarro, the ministers Gisela Alvarez de Porres and Ruben Blades and the ambassadors of Panama in Washington and for the Organization of American States (OAS) Federico Humbert and Aristides Royo Sanchez, respectively.
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