Daily Archives: May 1, 2013

The Panama Canal And The Caribbean – by David Jessop

The Panama Canal And The Caribbean – By David Jessop

canal-panama-1

The widened Panama Canal – in 2014 – will affect the Caribbean

News Americas, LONDON, England, Weds. April 4, 2012:   In two years time, significantly larger ships will be able to pass via an enlarged Panama Canal between the Pacific Ocean and the Caribbean Sea. Together with other infrastructural developments this is leading some Caribbean governments to hope that with the support of investors from outside the region, Panama’s development as a hub for the hemisphere could significantly improve the region’s economic prospects.

Although this idea needs to be treated with a degree of caution, not least because many Caribbean nations remain heavily indebted and remain at risk from any significant increase in energy and food prices, the Canal’s widening does suggest new opportunity for the region when taken together with other developments and the broadening interest being shown by large international investors.      Continue reading

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