Continued Economic Growth In Panama

Jan. 12, 2011:

Panama's President Martinelli has been taking heat lately, in the wake of his agreement to sign the Tax Information Exchange Treaty with the United States in November 2010 and the WikiLeaks embarrassment earlier this month.

Meantime, Martinelli seems wholly undeterred in his overall objective: Growth and prosperity.

Panama's economy is expected to be the most dynamic in Latin America this year. Projected growth rates are as high as 10%. In a recent state-of-the-nation report to Congress, President Martinelli noted that the country's growth projections are higher than those for Chile or Peru.

This on the back of planned US$13 billion in state investment (excluding the Canal expansion project), which will create 34,000 jobs in the next three years…

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