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Saudi Arabia and Panama have discussed the bases of mutual interest with a view to reaching agreements for future exchanges and possible projects linking both nations.

anama has a resilient economy regardless of both local and foreign shocks and those that have occurred as a result of the pandemic, and now the exponential threats of interest rate hikes.

According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.

Panama is currently investing more than $460 million in 12 infrastructure projects carried out by the Ministry of Public Works (Mop). The objective is to develop infrastructures that help boost tourism in the provinces of Chiriquí, Colón, Bocas del Toro, Coclé, Veraguas, Los Santos and Panama.

179 of November 16, 2020 known as “Real Estate Leasing”, that regulates the activity of financial leasing of real estate.

According to Torino Economics, the subsidiary of Torino Capital Group Company, a well-known investment bank and stockbroker based in New York, Panama has experienced a significant economic expansion, with an average annual growth of 6% in the last 25 years, the largest and fastest in Latin America.

anamanian exports accumulated a value of $3,558 million in 2021, which is 52% higher than the same period in 2020, according to the Comptroller General of the Republic of Panama.

Panama has been one of the countries with the best projection of economic growth for 2022 according to multiple international organizations. between 5% and 8.2%. The is also shared by the official estimates of the National Institute of Statistics and Census (INEC) which estimates a growth between 7.5% and 8%.

The World Bank (WB) forecasts that the Panamanian economy will grow 7.8% in 2022 and close 2021 with an increase of 9.9%, remaining within the group of countries that lead the economies of Latin America and the Caribbean.

months of 2021 according to the National Institute of Statistics and Census (INEC) of the Comptroller General of the Republic.