Panama Secures 1.2 Billion Euros Loan for Budget Support

Panama's government has secured a 1.2 billion euros loan from Banco Santander, maturing in two years. The loan aims to partially cover the general state budget for the fiscal year 2025 and beyond, as announced in a statement released by the government.

The government of Panama has secured significant financial support from Banco Santander, announcing a 1.2 billion euros loan deal.

This loan, which will mature in two years, is designated to partially fund the general state budget for fiscal year 2025 and future years.

Details of the agreement, finalized last Tuesday, were shared by the government on Monday, emphasizing its importance in budget planning.

(With inputs from agencies.)