Panamanian Chamber of Construction (Capac) is confident that this year the sector will consolidate its recovery after the 51% drop in 2020 and will return to the numbers prior to the Covid pandemic.

Carlos Allen, president of Capac, reports that the projection for 2023 is to exceed the $950 million in construction permits that were reported in 2019. "The recovery is slow, but it is happening," Allen commented, adding that it is important that the tranche of preferential interests that expired at the end of 2022 be extended so as not to interrupt the rhythm the sector brings.

Currently, the National Assembly is discussing the extent of preferential interests, especially those of a social nature. On November 17, 2021, President Cortizo sanctioned the law that modified Law 3 of 1985, which establishes the preferential interest regime in mortgage loans for new low-income housing.