The Republic of Panama has one of the most stable and fastest growing economies in the region. Its currency is the US Dollar, and its prime geographical location has allowed it to develop into an international market. This is due to the Panama Canal, which has transformed the country into an international operational hub for many corporations and multinational organizations.
Additionally, Panama has an ample variety of banks operating in its territory, and its democratic government is focused on both the country’s and the region’s overall growth. The country has achieved a great deal of social progress through the reduction of poverty and other advances.