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Panama has a tropical climate and receives abundant rainfall (up to 3000mm per year), yet the country still suffers from limited water access and pollution. [1] Intense El Niño periods, periodic droughts, [2] reduce water availability. Multiple factors like urbanization, impacts of climate change, and economic development have decreased water ...
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 ...
The politics of Panama take place in a framework of a presidential representative democratic republic with multi-party system, whereby the President of Panama is both head of state and head of government. Executive power is exercised by the president. Legislative power is vested in the National Assembly.
PANAMA CITY (Reuters) -Panama's president-elect, Jose Raul Mulino, said on Wednesday he will urge lawmakers to approve a law enabling the Panama Canal to build large water reservoirs in the face ...
The Panama Canal has decreased the maximum number of ships travelling the waterway each day due to a drought that has reduced the supply of fresh water needed to operate the locks.
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund 's estimates in the October 2023 World Economic Outlook database.
The U.S. construction was largely carried out by Afro-Panamanian and Caribbean workers, over 5,000 of whom died before the canal finally opened in 1914. ... by the Panamanian government's Panama ...
Panama is governed under the Constitution of Panama of 1972 as amended in 1978, 1983, 1993, 1994, and 2004. [1] This is Panama's fourth constitution, previous constitutions having been adopted in 1904, 1941, and 1946. The differences among these constitutions have been matters of emphasis and have reflected the political circumstances existing ...