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In May 1975, Dr. Nicolás Ardito Barleta, Minister of Planning and Economics and President of the Panama's Banking Commission, created a multinational organization to finance the Region's exports at the Twentieth Annual Meeting of Latin American Central Bank Governors.
The Bank was organized in 1977 constituted in 1978 as a corporation pursuant to the laws of the Republic of Panama, and initiated official operations on January 2, 1979 with its corporate headquarters located in Panama.
The decision to establish the Bank in the Republic of Panama was based on the following:
* Off shore banking center and free transfer of capital
* U.S. Dollar-based economy
* Absence of exchange controls
* Central geographic location
* Strong communication network and infrastructure
Through Decree Law #38, established on July 25, 1978, Panama granted Bladex special benefits as an international organization. |
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Panamá/Aquilino De La Guardia |
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50th Street and Aquilino De La Guardia
Panama, Republic of Panama |
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(507)210-8500 |
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webmaster@blx.com |
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