They will evaluate practices of the financial system in Panama – Radio Havana Cuba

Havana, April 30 (RHC) As part of efforts to try to reverse the country’s image after the papers Panama, the government installed Saturday an Independent Committee of National and International Experts to evaluate the practices of the national financial system .

Panamanian President Juan Carlos Varela, said in the act of constitution, that this group is part of duty to “move forward in favor of transparency and strengthening our platform logistics and financial in order to avoid that it can be used for illegal purposes or for purposes that do not represent the common good “.

He listed some characteristics and conditions that contribute to the economic growth of the nation as its geographical position, respect for law and foreign investment and service platform

so that success “it does not depend on irregular flows of money into our financial system, but the hard work of Panamanians. a noble people and peace-loving, that despite being a small country in size and population, has gained an important place in the concert of nations space, “he said.

to assist institutions in their policies against international tax evasion and strengthening the country as a global financial center with the best practices of transparency, will function composed of national and foreign experts, led by Nobel American Joseph Stiglitz Economics group.

main functions will be to review the current legal framework, including policies, laws and international treaties, assess the effectiveness of recent reforms and identify vulnerabilities in the international service platform

Other personalities that make it up are:. Mark Pieth teacher Criminal law and Criminology at the University of Basel, Switzerland and Costa Rican Roberto Artavia exrector of the Business School INCAE Business School.

from Panama are Nicolas Ardito Barletta president of the Republic, Gisela Alvarez former Minister of trade and Industry, Alberto Aleman exadministrador Panama Canal and Domingo Latorraca managing partner of Deloitte.

Coupled with this, the country is negotiating agreements for bilateral information exchange with Japan and Colombia, renegotiates the established with France and the United States signed the intergovernmental agreement for the implementation of the Law on Foreign Tax Compliance (FATCA, for its acronym in English). (PL)