TRANSPARENCY

Varela to release report Monday

He will receive the report Friday.

Temas:

President Juan Carlos Varela pledged to release the report prepared by a committee of independent experts who reviewed the practices of the financial services industry Monday.

He said that he will receive the document Friday and will review it over the weekend.

On the issues raised by Nobel laureate in economics Joseph Stiglitz and the Swiss anti-corruption expert Mark Pieth on the lack of transparency of the Panamanian financial system, he said "they have the right to speak." The two men resigned from the committee.

Varela thanked them for their contributions and noted that German Chancellor Angela Merkel has acknowledged that Panama "did the right thing and took action on pending transparency and financial issues."

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