It has benefited from steady economic growth, but poverty and income inequality have. Panama is a small country of about 4.4 million people. It has benefited from steady economic growth, but poverty and income inequality have been persistent and have disproportionately affected rural indigenous territories and Afro-Panamanian populations. It should be noted that the increase of protected land from 33% to 54% and strong ocean conservation efforts have made Panama one of the only three countries in the world with negative carbon emissions.
Oleada rests anchored a few hundred meters away in the protection of Isla Gámez, part of the Chiriqui Marine Park established in 1994 in the Pacific of Panama. The taxi leaves the road and heads to Casco Antiguo, the old center of the capital of Panama City that was looted by Captain Morgan and his band of pirates in 1671. More and more research shows that the dangers of climate change disproportionately affect poor and rural communities, those that are the least responsible for their creation. First, he points out that the rate has increased at least six times since the canal passed from the United States to Panama. Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America. In Spanish, this city is simply known by the name of “Panama”; in other words, this city is Panama, as its usage implies.
The Panamanian economy, based on the dollar, is based primarily on a well-developed service sector that represents more than three-quarters of GDP. In the midst of this trade, Panama's GDP has grown twice as fast as that of the rest of its Latin American neighbors over the past 15 years. However, Panama hides a secret behind this economic boom: it is the second most unequal country in America, after Brazil. With a stable macroeconomic environment, Panama is likely to require additional fiscal reforms in the medium term.
But when I look at the valley with this old man who has lived here for three-quarters of a century, I can't help but wonder if the world is wrong when it calls this man poor. Panama's physical land area is small, roughly the size of North Carolina, but mountains divide the coastline from the interior, leaving much of the coastline rural and disconnected. Services include the operation of the Panama Canal, logistics, banking, the Colon Free Zone, insurance, container ports, flagship registration and tourism, and Panama is an offshore banking center. This project also supported improvements in the income-generating capacity of the poor and vulnerable, through the strengthening of Territorial Networks and Social Cohesion Programs, which benefited 5848 households.
