Panama is the lending institutions’ sweetheart
Panama. with its budget deficit of less than 2 percent, is the Latin American nation whose borrowing costs are the lowest, according to a study by JP Morgan.
Analysts say that the solidity of Panama’s economy is due to several factors. These include the successful expansion of the Canal, the development of the Metro, and the inauguration of a natural gas-fired power plant, the first in Central America.
Panama’s economic growth has fallen from the spectacular rates of recent years, but it remains about double that of Latin America as a whole. Last year, the GDP increased by 5.4 percent.