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

Spain Knocks Out Portugal With Late World Cup Winner

Spain waited until stoppage time to break Portugal, then walked out of Dallas with a 1-0 win, a place in the World Cup quarterfinals,...

What Private Elder Care Really Costs in Costa Rica

Private elder care in Costa Rica can cost far more than many pensions cover, leaving families to bridge a growing gap as the country’s...

Costa Rica’s Tourism Boom Brings Jobs, Dollars and New Pressure

Costa Rica’s tourism industry has become one our strongest economic engines, but a new OECD report says the sector is entering a more complicated...

Costa Rica’s Ethanol Gasoline Plan Faces New Delay

Costa Rica’s plan to begin selling gasoline mixed with ethanol is still moving forward, but drivers may have to wait longer than expected before...

Taylor Swift, Travis Kelce and the Costa Rica Sloths Named After Them

As Taylor Swift and Travis Kelce draw global attention around a reported wedding celebration at Madison Square Garden in New York, Costa Rica’s...

Costa Rica Bill Could Make Some Small Loans More Expensive

A government-backed bill moving through Costa Rica’s Legislative Assembly could make some small consumer loans more expensive by shifting them into a category that...

Costa Rican Soccer Hit by Match-Fixing Scandal

Costa Rican soccer is facing one of its most serious integrity cases in recent years after three players were suspended for 15 years over...

Why Costa Rica’s Colón Stays Strong and the Dollar Keeps Falling

The International Monetary Fund (IMF) has reclassified Costa Rica's de facto exchange-rate regime from a "managed float" to a "stabilized" arrangement, pointing to the...

Costa Rica Security Gaps Grow After OIJ Budget Freeze

A budget freeze blocking new Judicial Investigation Agency offices in high-risk coastal communities has revived scrutiny of earlier decisions that reduced Costa Rica’s security...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel