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

Celso Gamboa Admits He Met DEA Undercover Agents and Informants

Former Public Security Minister and Supreme Court magistrate Celso Gamboa Sánchez admitted he held at least two meetings with undercover agents and DEA informants....

Aryna Sabalenka Engaged to Georgios Frangulis Before Indian Wells

Aryna Sabalenka, the top-ranked player in women's tennis, shared news of her engagement to Brazilian businessman Georgios Frangulis on Tuesday, just before the start...

Trump Brings Latin American Conservative Leaders to Florida Summit

US President Donald Trump, currently waging a war with Iran, hosts a dozen right-wing leaders from Latin America and the Caribbean on Saturday to...

Panama Canal Monitors Maritime Trade After Iran Conflict

The Panama Canal Authority said Monday it is tracking changes in global shipping patterns after U.S. and Israeli strikes on Iran triggered retaliation and...

Costa Rica Closed 2025 with 98.6 Percent Renewable Electricity Generation

Costa Rica generated 98.6 percent of its electricity from renewable sources in 2025, marking a strong rebound from the previous year's challenges. The Instituto...

Oil Price Surge from Middle East Conflict Raises Concerns for Costa Rica’s Economy

Oil prices climbed sharply this week as fighting in the Middle East intensified, with U.S. and Israeli strikes on Iran prompting retaliatory actions that...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica