No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchivePanama’s President to Legislate by Decree for Next 2 Months

Panama’s President to Legislate by Decree for Next 2 Months

PANAMA CITY (EFE ) – Panamanian President Martín Torrijos will legislate by decree during the next two months, following congressional approval of a law Dec. 30 conceding him these powers.

 

According to a report posted Dec. 31 on the congressional Web site, legislators approved a bill “that concedes to the Executive Branch extraordinary powers to pass laws relating to (10) specific areas.” The final vote was 42 lawmakers in favor, 20 against. After the vote, Congress closed for vacation until March 1.

 

Using these powers, which the President requested this week, Torrijos will legislate the Creation of a Panama Canal Trust Fund for the Development of Infrastructures, to be funded with part of the surplus the Panama Canal Authority pays the Treasury.

 

He also is expected to reform laws governing the Free Competition and Consumer Affairs Commission (CLICAC), and the Public Services Regulatory Agency, institutions that have come in for a great deal of criticism.

 

Torrijos will also modify the present organic law of the National Institute for Professional Training (INAFORP), will promote the modernization of the Ministry of Commerce and Industry, and will provide the Panama National Bank with a regulatory system to improve its efficiency and competitivity. By the same token he will pass legislation that declares defunct the National Financial Corporation (COFINA) and the Bayano Corporation, state-run companies that have been inoperative for the past two years.

 

With regard to Panama’s civil service, he will give orders to “make the process of appointments more efficient, pass special laws providing for automatic salary adjustments, make rulings on appointments to the Supreme Court of Justice and on financial aid to members of public institutions such as the police.”

 

Approval of the measure means “the President will have discretionary powers to legislate during the two-month congressional recess, creating the legal framework the nation needs,” the web source said.

 

“When the recess ends, the Executive Branch will send these laws to Congress,” which can then approve or reject them, but may not modify them.

 

The government has a majority in Congress, with 45 of the 78 legislators, while the opposition is splintered by internal power struggles.

 

Trending Now

More Tickets Released for Bad Bunny’s Sold-Out Shows in Costa Rica

Fans of Bad Bunny got a second chance this week when promoter Move Concerts released a fresh batch of tickets for the artist's back-to-back...

Latin American Stars Shine in Australian Open 2026 Entry Lists

Tennis Australia unveiled the entry lists for the 2026 Australian Open on Monday, showcasing nearly complete top-100 fields for the season's opening Grand Slam....

Porter Airlines Inaugurates Toronto-Liberia Service in Costa Rica Expansion

Canadian carrier Porter Airlines touched down in Costa Rica for the first time, marking the launch of its new route between Toronto Pearson International...

Why Honduras Still Has No President Days After a Razor Thin Vote

Hondurans are on edge. Three days after the elections, they still don't know who will govern them for the next four years due to...

Inter Miami Crowned MLS Champion as Messi Orchestrates Historic Final

With three goals created by Lionel Messi, Inter Miami were crowned champions of Major League Soccer (MLS) for the first time, beating the Vancouver...

El Salvador’s Surf City Reshapes Coastline Amid Tourism Boom

Along El Salvador's Pacific coast, a string of once-quiet surf towns now pulses with activity. President Nayib Bukele's Surf City program has transformed these...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica