Panama awaits more than US$20 billion in investment

Panama can look forward to more than US$20 billion in public and private-sector investment over the next two years, economist Guillermo Chapman said at a business forum organized by the Indesa consultancy.

Tuesday, July 8, 2008

"This figure does not include the development of Howard [the former US base] or real-estate investment in other areas," Chapman added. If current trends in the macroeconomy are maintained, Panama can look forward to practically full employment, he said.
Among the outstanding projects that were included are the Puerto Armuelles refinery, construction of the Canal's third set of locks, and various public works projects that are expected to cost US$1 billion a year.

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