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Panama economy

Tocumen Planning Third Runway and Terminal

Tocumen Planning Third Runway and Terminal

Fast-growing Tocumen International Airport is exploring future expansion plans, including the addition of a third runway and terminal. CAF, the development bank of Latin America and the Caribbean (and a major player in the redevelopment of Obarrio), together with the…

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Canal Revenue Jumps 14.4%

Canal Revenue Jumps 14.4%

The Panama Canal, which remains a key driver for Panama’s economy, posted strong operating results for the past year, including boosts in transits and revenue. The Canal closed the year with $5.7 billion in revenue, a 14.4% increase from the…

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Panama Economy Forecast For Robust Growth

Panama Economy Forecast For Robust Growth

The latest report from the International Monetary Fund (IMF) predicts strong and consistent economic growth for Panama, despite the global turmoil. Panama’s economy is expected to grow at 4% annually for the next two years, well above the regional average, according…

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Panama Pacifico Driving Economic Growth

Panama Pacifico Driving Economic Growth

A few minutes from downtown Panama City, Panama Pacifico, one of the largest mixed-use developments in the region, continues to expand and attract companies from around the world. In a recent interview,  the administrator of the Panama Pacifico Agency, Javier…

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