< strong > Executive published in Official Gazette Law that promotes the creative economy in the country < / strong >

The Official Gazette No. 29973 published on Wednesday 21 February 2024 Act No. 424 that promotes culture, education and entrepreneurship through the Creative Economy, regulations jointly advanced by the Ministry of Culture and the National Assembly.

That legal instrument aims at developing and promoting the creative economy and its educational and cultural components as a strategic and motor sector of cultural, social and economic development in the country.

The Creative Economy is linked with the cultural experiences and the ecosystem of Creative and Cultural Industries as performing arts, theater, cinema, design, creation of video games, tourist and gastronomic activities, among other things, that as a whole generate thousands of jobs and contribute to the general economy.

In 2023 alone, the Ministry of Culture, through the National Direction of Creative Economics, generated 10 markets of this industry and reached about 8,000 people in Panama Centro, La Chorro, Portobelo, Bocas del Toro and Chiriquí, among other provinces.

From date onwards, with its publication in the Official Gazette, MiCultura will be able to expand its achievements in 2023, with 15 workshops with 400 participants and an understanding of the importance of the creative economy.

The norm aims to develop an ecosystem of creative economy, to promote education about culture, entrepreneurship and creative industries as well as the economy of local communities.