Panama raises $1.8 bln in bonds to shore up budget

Panama has issued a $1 billion bond and reopened another for $800 million in a bid to finance its budget for the year, the country's economy ministry said Tuesday.

The funds will go toward the 2023 budget, estimated around $4.15 billion for the year, with some $2.18 billion earmarked for the government's investment program, the ministry said in a statement.