Panama estimates it will spend less than $100 million on the earthquake and rules out using its savings fund

The Government of Panama has estimated that the costs associated with the earthquake that occurred on October 9 will remain under $100 million. Authorities have confirmed that the funds already authorized for the national emergency are sufficient to address current needs, allowing the country to avoid tapping into its sovereign savings fund.

This fiscal decision reflects the government's assessment that the identified requirements for recovery and relief are manageable within the existing budget allocation. The Ministry of Economy and Finance maintains that no further extraordinary financial measures are necessary at this time to respond to the seismic event.