In their statement, Pieth and Stiglitz said the "seemingly irreconcilable divergences" were such that, in their view, the committee "should disband." "It is not possible in our view that a Committee aimed at improving transparency be anything less than fully transparent." In an initial meeting in June, the committee agreed that the Panamanian government had to publish the report, Stiglitz and Pieth said. Scrambling to clean up its image, Panama created a seven-member expert committee to recommend reforms on strengthening the transparency of its legal and financial system. The Panamanian government said earlier that Stiglitz and Pieth had resigned over "internal differences" but gave no further details.

Source: Bangkok Post August 06, 2016 18:56 UTC