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Post# of 114953
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CoolHandLucas

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CoolHandLucas

Re: None

Thursday, 01/11/2007 12:22:51 AM

Thursday, January 11, 2007 12:22:51 AM

Post# of 114953
Link for the I-box. Re: Hector Alemán.
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June 2, 2006 - Emerging Markets Economics: Panama

The government is committed to securing the expansion project’s approval and is moving cautiously towards this end. The swift passage in congress of fiscal and social security reforms in 2005 created backlashes against the government by civil society groups, delaying policy implementation. In the case of the Panama Canal expansion project – which has much wider and longer-term implications for the country – the government is moving at a slower and deliberate pace, allowing time for public debate and scrutiny. President Torrijos reshuffled his cabinet, relieving Hector Aleman (ex-Minister of Government) and Ricaute Vasquez (ex-Minister of Finance) of their cabinet duties and reassigning them to lead efforts to secure the canal expansion’s approval in the referendum. Mr. Aleman is reportedly a skilled politician who is tasked with mobilizing grassroots political support while the highly respected ex-finance minister Mr. Vasquez, who is the ACP’s former CFO and current Chairman, is orchestrating the information campaign. The ACP is organizing town meetings throughout the country with unions, chambers of commerce, university students and other groups about the expansion, and so far, the information campaign is reportedly being received well. The government apparently aims to submit the expansion plan to Congress by the end of June. After Congress potentially debates and approves a bill to hold a referendum, a minimum of three months must elapse before the government organizes a referendum, indicating that the referendum may be held in October or November 2006 at the earliest and could possibly slip into early 2007.

http://www.pancanal.com/eng/plan/credit-suisse.pdf

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