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Due to its openness to foreign financial institutions, dollarisation, low inflation and relative political stability, Panama remains a highly attractive regional financial centre. Recording strong performance in 2014, the country’s International Banking Centre (IBC), which contributes 7.5% to Panama’s GDP and comprises the national banking system (NBS) and international...

A number of initiatives currently under way in Panama are expected to strengthen what is already a strong banking sector. Although the World Economic Forum’s Global Competitiveness ranking indicates that Panama’s financial system is at or near the top decile globally in most respects (see overview), the sector is hampered by its continued inclusion –as of early June 2015...

How much will the number of trans-shipped containers be increased by the presence of post-Panamax carriers, once the canal expansion is complete?

At a cost of $5.25bn, the Panama Canal expansion programme is the largest single investment in the country’s history. Approved by national referendum in October 2006, the project will see the addition of a third lane of traffic to the existing two-lane canal.

Do you think that rising costs in China are likely to push manufacturers to relocate to South-east Asia, benefitting the Panama Canal?

In preparation for the opening of the third lane of the Panama Canal, a new toll structure was approved in April 2015 by the Cabinet Council. This followed more than a year of informal consultations with industry stakeholders, an open call for comments and a public hearing, with interested parties given an opportunity to provide feedback. Jorge Luis Quijano, the CEO of...

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