Panama - Finance, Banking, Economy

Panama

Table of Contents

Introduction & Quick Facts
Land
- Relief
- Drainage and soils
- Climate
- Plant and animal life
People
- Ethnic groups
- Language
- Religion
- Settlement patterns
- Demographic trends
Economy
- Agriculture, forestry, and fishing
- Resources and power
- Manufacturing
- Finance, trade, and services
  - Finance
  - Trade
  - Services
- Labour and taxation
- Transportation and telecommunications
  - Panama Canal and coastal ports
  - Land and air transportation
  - Telecommunications
Government and society
- Constitutional framework
- Local government
- Justice
- Political process
- Security
- Health and welfare
- Housing
- Education
Cultural life
- Cultural milieu
- Daily life and social customs
- The arts
- Cultural institutions
- Sports and recreation
- Media and publishing
History
- Exploration, conquest, and settlement
- Secession from Spain and union with Gran Colombia
- Transcontinental railroad and canal projects
- The Republic of Panama
  - Early years
  - World War II and mid-century intrigues
  - Rule by Torrijos and Noriega
  - Invasion of Panama
  - Transitions to democracy and sovereignty
- Treaty relations with the United States

References & Edit History Facts & Stats

Images, Videos & Interactives

Navigating the Panama Canal: A captain's perspective

For Students

Panama summary

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In 1970 the Panamanian government began to promote offshore banking by giving international transactions tax-exempt status; it also removed other forms of regulation. As a result, Panama attracted great amounts of foreign capital, and by the 1980s it had become Latin America’s largest financial centre. Several major Latin American, North American, and European banks have branch offices in Panama City. Some of these also operate branches in the provinces and provide loans for industrial, agricultural, and cattle-raising ventures. The National Bank of Panama (1970) oversees the banking system, which was partly reformed in 1998 to discourage money-laundering schemes connected to ...(100 of 11680 words)

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