Controversy Over Aero-Naval bases in Panama

(insidecostarica.com ) PANAMA - The controversy over the installation of aero-naval bases in several localities of Panama are among the priority subjects of the national agenda with protest of student movements against this measure that could favor US military presence. Representatives of social movements have repeatedly called attention to decisions of authorities of setting up eight aero-naval bases in different parts of the country, both in the Atlantic and Pacific Oceans.

The government explained that this measure is necessary to combat growing drug trade in Panamanian waters and coasts.

"I strongly deny that Panama is going to set up military bases of any kind in partnership with the United States or any nation in the region," the minister explained.

The US ambassador explained that Washington would supply fuel for the patrol vessels and also expressed her agreement with the establishment of these installations.

In the political scenario Omar Moreno was dismissed as president of the Panamanian Sorts Institute (PANDEPORTES) because of poor management during the five months heading that institute.

Referring to the financial scene a world bond was issued for the New York market for a value of one billion dollars that would imply a heavy injection of liquidity for the country.

Among the international investors taking part in the operation are Goldman Sachs Asset, Wellington Management, SAC Capital Management, T Rowe Price and Associates Inc and Morgan Stanley Dean Witter.

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Original Source:http://insidecostarica.com/dailynews/2009/november/25/centam-091125-03.htm
Date Retrieved: November 26, 2009.