ECONOMY

Vice president travels to Venezuela to discuss debt

Venezuela owes Panama businesses more than $1 billion, half of which is owed to Copa Airlines.

Temas:

Vice President and Chancellor Isabel de Saint Malo de Alvarado traveled today to Caracas, Venezuela, to hold a meeting with President Nicolas Maduro over the more than $1 billion owed to Panamanian companies.

The meeting "aims to follow up on talks about the availability of outstanding currency for the Colón Free Zone buinesses and Copa Airlines."

The Panamanian delegation is also formed by Vice Minister for Foreign Affairs Luis Miguel Hincapié, National Secretary of Energy Víctor Urrutia, Free Zone Geneal Manager Surse Pierpoint and Copa Vice President of Finance José Montero.

Venezuela owes Copa more than $500 million and owes a similar amount to exporters within the Free Zone.

The meeting was scheduled during last weekend's Summit of the Americas, which was hosted by Panama and attended by Venezuela.

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