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Panama hosts $17 billion in trust funds

Wednesday, November 21, 2012

Panama is set to become an important trust fund operator in Latin America, with some 70 companies registered as trusteeships.

Together, the companies now hold about $17 billion in trust funds, a number which has doubled over the past year.

The amount represents 50 percent of the country's gross domestic product. Panama's main advantages are its economic stability, growth and connection to global trade.

Source (in Spanish)