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In a strategic push to enhance efficiency, reduce costs, and promote environmental responsibility, Panama’s Ministry of Economy and Finance (MEF) is advancing its national “charro” program, an initiative targeting the disposal of disused state-owned assets. The effort, spearheaded by the Dirección de Bienes Patrimoniales del Estado, has already yielded measurable financial and environmental benefits.
Reggie Moreno, director of the agency, emphasized that the initiative goes beyond administrative tidiness: “This is about recovering physical spaces, reducing operational rental costs, and contributing to health and environmental goals,” he said.
The program begins with government entities submitting inventories of obsolete goods. These are certified by the Directorate before undergoing valuation and audit. Only then are the items processed for final scrapping.
As of May 2025, the program has generated 572,175 balboas, 123,000 from surplus value, and 449,175 through auctions of electronic, naval, and ferrous materials. Around 7,300 tons of scrap have been removed from public institutions nationwide, with efforts encompassing all three material categories.
This comprehensive initiative reflects a broader commitment to a more efficient, transparent, and ecologically responsible public administration. It also reinforces the role of MEF as a steward of Panama’s institutional modernization and sustainability agenda.
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