Waging War

Negotiations between Panama's two largest trade unions and the government have stalled. The so-called three-party committee started talks in early February, but these immediately came to a halt when government mediators demanded labour flexibility as a precondition to discuss a wage hike. Trade union CONUSI is demanding a 20% salary increase to make up for the high cost of living and inflationary pressures prevailing in the country. At 65.5, Panama's long-term political risk rating is held back by poor outturns in both income distribution and poverty, underscoring the importance of ongoing wage talks.

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