One can hope!
>>22242680 LB
Panama agrees to US$1 billion financing with JP Morgan Chase
News from Panama / Friday, October 18th, 2024
In the official gazette on Wednesday, October 16, the decree was promulgated which the Republic of Panama agrees to a financing of US$ 1 billion with the JP Morgan Chase bank.
According to the document, these funds will be used to support and finance the 2024 budget, and a six-month (4.4% at this time) plus 1.5% will be paid over three years.
Likewise, an initial commission of 0.50% of the total amount of the lenders’ commitments is established with respect to the facility upfront fee that will be paid on the date of use and an opening commission at an amount equivalent to 1% of the amount of the lenders’ commitments in relation to the arragement fee paid on the date of use, this represents about US$15 million.
The decree is signed by the Minister of Economy and Finance, Felipe Chapman had announced that the government would use this type of financing through private banks.
However, on October 3, he told SNIP News “What is needed for the cash flow cycles here has to end the year are already planned in the plan and we do not have to go to the international markets fortunately we do not have to take those very good and generous credit offers that banks have made us in the short term.”
https://panamaadvisoryinternationalgroup.com/blog/panama-agrees-to-us1-billion-financing-with-jp-morgan-chase/
3 years to pay back the loan (Still in Trump Admin timeline)
Seems legit.
Same with 7-11's.
How to Americans compete with foreigners getting endless tax deals ? They might get the initial tax break for starting a new business, but they perfected the jew-art of advancing it: sell the "store/business" to a family member and the clock starts all over again, while keeping it in the family.
Unfair practice toward Americans who didn't get a tax break to open up their business.