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should help promote the country's economic growth. In May 2009, Ricardo Martinelli was elected president, and promised to promote free trade, establish a metro system at an approximate cost of $1.0 billion, [10] reform the health care system, and complete the expansion plan for the Panama Canal.
Panama's economy is fully dollarized, [15] [16] with the US dollar being legal tender in the country. Panama was the first foreign country to adopt the U.S. dollar as its legal currency (1903) after its secession from Colombia (with U.S. help) temporarily deprived it of a local currency. Panama is a high income economy with a history of low ...
President Endara took office as the head of a four-party minority government, pledging to foster Panama's economic recovery, transform the Panamanian military into a police force under civilian control, and strengthen democratic institutions. During its 5-year term, the Endara government struggled to meet the public's high expectations.
President Endara took office as the head of a four-party minority government, pledging to foster Panama's economic recovery, transform the Panamanian military into a police force under civilian control, and strengthen democratic institutions. During its 5-year term, the Endara government struggled to meet the public's high expectations.
(Reuters) -Panama President-elect Jose Raul Mulino on Thursday pulled business leaders and an economist into his ranks, the first cabinet selections in what Mulino has promised will be an ...
Panama President José Raúl Mulino rejected negotiations over ownership of the Panama Canal, in the face of President Trump’s fixation on the U.S. retaking the trade waterway. Mulino’s ...
A post shared on social media purports that Panama has doubled the fees for U.S. Warships in the Panama Canal. View on Threads Verdict: False The claim originated on a satirical social media account.
Despite his nationalistic rhetoric during the campaign, the new president was dependent on United States economic and technical assistance to develop projects that Chiari's government, also with United States assistance, had initiated. Chiari emphasized building schools and low-cost housing. He endorsed a limited agrarian-reform program.