Oppenheimer: "Panama Must Invest in Education"

The analyst and Pulitzer Prize winning journalist noted that Panama needs more investment in education to become the Singapore of Latin America.

Wednesday, March 4, 2009

According to María De Gracia, author of the article in Pa-digital.com, "Oppenhaimer, who was invited by Credit Suisse Bank, said in a press conference that a service country has to think seriously about training its people."

Referring to the Treaty on Trade Promotion between Panama and the United States, Andrés Oppenheimer said that, according to his contacts in President Obama’s political environment, this agreement is the one that is most likely to materialize among those pending approval by the northern country’s government.

More on this topic

Panamá As Seen by the IMF in March 2013

April 2013

Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.

With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.

Singapore Better Role Model Than Dubai

August 2011

Backing education and economic growth will be the key to Panama resembling Singapore more than Dubai in the future.

For some, the future of Panama is similar to Dubai today. The advice is to try to follow the same steps taken by Asian Tiger for a better alternative.

The path that Singapore has taken in recent years is what has led it to go from being a third world country to becoming one of the financial centers of the world, with a literacy level of 92%. Following its example ought to be Panama’s goal if it wants to be part of the group of first world countries.

Honduras to improve basic education with IDB support

April 2011

Honduras will improve basic education for more than 100,000 students with the help of a $37 million loan from the IDB.

The financing will help students to learn more in basic education schools that serve the country’s poorest population.

The program’s goal of improving educational quality is designed to complement the “Bono 10Mil” program, which provides conditional cash transfers to low-income families that keep their children in school.

Panama: $ 32 Million IDB Loan for Education

November 2010

Resources will be used to improve access and quality of education in three indigenous reserves.

The investment will be dedicated exclusively to the indigenous regions of Embera-Wounaan, Bugle and Kuna Yala Ngäbe.

The loan is for U.S. $ 30 million from the IDB's ordinary capital with a local contribution of U.S. $ 2.4 million.

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