About 4% of the country’s population is composed of immigrants, which has led to the remittance of Panama …
About 4% of the country’s population is composed of immigrants, which has given rise to sending money from Panama to abroad increased to 35% in recent years, which may mean capital flight or prosperity more investments.
From January to June 2015, Panama sent $ 395 million 477 thousand, mainly Colombia ($ 100.6 million), China ($ 43.7 million), United States ($ 41.9 million), Nicaragua ($ 37.3 million), Mexico ($ 21.3 million) and Costa Rica ( $ 20.3 million), according to the Comptroller General of the Republic of Panama.
These figures represent an increase of 2.8% compared with remittances in the same period of 2014.
Also, if we take into account a history of remittances since 2012 when Panama began receiving a sharper migration, the increase so far has been 35.57%.
According to the International Organization for Migration, more than 4% of the population in Panama is composed of immigrants (2013), from more than 180 nations, led by Colombia and followed by China, the United States, Nicaragua, Venezuela, Dominican Republic, Costa Rica, Mexico, India and Peru, states that match the destination of remittances.
However, the period is the fastest growing in the years 2014-2015, this was mainly due to limitations in the foreign legalization program this year has been continued with more restrictions.
However, shipments are still increasing not only because the immigration peak, but by installing foreign-funded enterprises have been established in Panama and bring skilled labor, mainly people from Central and South America, North America, Dominican Republic, and the natives of China, Spain and Italy, among others, according to the state.
However, the economist John Jované explained that this may not be the case of a leak alarming capital as the money coming out of Panama is not intended nor represents the amount of foreign investment, but is shipments small amounts of money to relatives.
But he recalled that this money means less purchasing power in the country, and that economic and commercial activity that should cause this money in the Panamanian market, then go into action in foreign markets where it was not produced.
The economist Raul Moreira said that these figures are not alarming for Panama, as they would be for other countries in the region need to enter remittances and the money stays there.
Moreira said: “For this reason, Panama will not descapitalizar” since this capital flight is offset by foreign direct investment every year reaches the country.
Currently, foreign direct investment is estimated at 3,943,000 200,000 alone in the first six months of the year, 17% more than in the same period of 2014.
However, another part of the country enjoys the benefits directly leave remittances.
This action has led to multinational companies based money transfer and local companies make mergers to provide these services, as in the case of Western Union and Give Me More, which reported that now allow remittances from the 40 branches the local brand.
According Jované, remittances leaves no benefit to the country, because it is done through exchange or remittance, which charge a fee for making the transfer and are benefiting.
$ 2.558 million is foreign investment in Panama between January and June 2015.
$ 2.172 million was foreign investment in the first six months of 2014.
Ernesto Chong de León, Ernesto Emilio Chong Coronado
Categorizado en: News global
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