Panama makes IMO budget payment
Panama has made an
initial financial contribution to the IMO operating budget for 2005 and has pledged
to settle the remainder of the amount by July of this year.
During his recent
visit to Panama to participate in the opening of the Panama Maritime VII event,
IMO Secretary-General Efthimios E. Mitropoulos received a payment from the Government
of Panama for the amount of US$2,780.871 (GB£1,473,700), representing
the first tranche of Panama's IMO budget contribution. IMO is financed by its
Member States in proportion to the size of the fleet in each country's shipping
registry. As the world's largest registry, Panama makes the highest single contribution
to the IMO budget, representing around 16 per cent of the overall figure.
In his keynote speech
to the conference, Mr Mitropoulos spoke both of the many opportunities and of
the consequent responsibilities that fell to Panama as major player in the world
of international shipping. He praised the country's efforts thus far to promote
quality throughout its growing maritime cluster and called upon Panama to make
a positive contribution towards the development of IMO's voluntary audit scheme
for flag States.
his two-day visit to Panama, the Secretary-General undertook a busy programme
of work. He had meetings with the President of the Republic of Panama, HE Martin
Torrijos as well as a number of Ministers, and with Vice President and Administrator
of the Panama Maritime Administration, HE Ruben Arosemena who explained in detail
to the Secretary-General his plans to modernize the Panamanian registry and
exercise effective control of the ships in the Panamanian fleet. The Secretary-General
also visited the Panama Canal and discussed the proposed expansion plans with
the Canal Administrator, Mr Alberto Aleman.
IMO - the International
Maritime Organization - is the United Nations specialized agency with responsibility
for the safety and security of shipping and the prevention of marine pollution
Web site: www.imo.org
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