Surging economic growth, a rapidly improving infrastructure network and having one of the world’s main trade routes have allowed the country to transform itself into a popular destination for foreign direct investment (FDI) over the course of the past decade. Simultaneously, the presence of an attractive regulatory framework providing numerous...
Rapid economic growth in recent years has not left Panama’s energy sector unscathed. According to figures from Empresa de Transmisión Eléctrica (ETESA), the national electricity transmission company, demand for power will grow at around 7.5% per year until 2016 while annual averages of 5.6% are expected in the 10 years after that. Managing the...
For millions of years the Isthmus of Panama has been the bridge adjoining the Americas, shaping the development of life on the continent. Its importance has been magnified in recent centuries, as it is also the shortest land route for maritime goods crossing from the Atlantic to the Pacific and vice-versa. As a result, the isthmus has played a...
Driven by ambitions to reduce bureaucracy, promote social inclusion and bridge the digital divide, the Panamanian administration has been overseeing various e-government initiatives since 2009. This started with the establishment of the National Authority for Government Innovation (Autoridad Nacional para la Innovacion Gubernamental, AIG), in...
One of the country’s most representative sectors, construction has been a major driver of GDP growth over the past decade. While crucial public infrastructure works are leading this surge, the private sector is also playing a significant role through residential and commercial developments, all contributing to exceptionally low unemployment...
The completion of the Panama Canal’s new locks will have broad effects on global commerce as new economies of scale will impact both the bulk commodity and container shipping industries. Latin American producers of coal, copper, liquefied natural gas, soybeans and other commodities, Asian manufacturers, US farmers, and many more all stand to...
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