14 December 2011

PANAMA : Booming Panama Stills Struggles With Corruption, Money Laundering.

                                     NYTIMES / R.ARCHIBOLD
                                    2 screen read...combined

     With projected 2011 growth of 8.5%...a 2014 $5.25bn expansion of its canal...foreign investment up 33% in 2010...and an office building boom...Panama appears to be Latin America's newest success story.
    But the USA still frets about money laundering and poor transparency there...while others worry about an office building bubble...in what its president calls 'the Dubai of Latin America.'