Economy / Panama
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IDB Loan Agreed
October 2008 | Ratings UpdateSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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A strike by tow boat workers that threatened to disrupt the flow of traffic through the Panama Canal took place in early September. The strike occurred at two of the Canal's major ports, the Balboa Port at the Pacific entrance of the Canal and the Cristobal Port at the Atlantic end. The tow boat crews walked out on amid disagreements over pay and shift work. Although strike action lasted just one day, it served to highlight the problems faced by the government over soaring wage demands as a result of rising living costs. The surge in inflation in 2008 continues