Political upheavals in Panama have aroused foreign...
Political upheavals in Panama have aroused foreign creditor banks’ concerns that capital may flee the nation and exacerbate existing economic strains, bankers said. On Thursday, President Eric A. Delvalle dismissed military strongman Manuel Noriega; Delvalle himself was then ousted by Panamanian legislators who named education minister Manuel Solis Palma acting president. With no central bank or currency of its own, it is virtually impossible for Panama to influence cash flows.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
