LatinNews Daily - 22 January 2026

*Panama’s economy ministry (MEF) has announced a debt refinancing operation, allowing it to replace more expensive debts with cheaper debt. According to the MEF, this has been made possible by guarantees provided by the World Bank which announced a financing package at the end of last year equivalent to US$1.4bn, enabling Panama to access financial resources “on more favorable terms, generate fiscal savings, and strengthen public debt management”. According to the MEF, this has enabled it to pay off existing debts, including a global bond which expires on 29 January for US$980m, for which it paid an interest rate of 7.125%, 4.42% lower than the original rate.

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