Panama govt opens door for financing for up to $9 billion

PANAMA CITY (Reuters) - Panama's government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama's council of ministers said in a statement.

The first decree permits the issuance of treasury notes on the local market for up to $6 billion, with maturities between two and 10 years.

The second allows the economy ministry to subscribe to financing schemes with local and international institutions for up to $3 billion.

(Reporting by Eli Moreno; Editing by Sarah Morland)