What are Silvas thoughts on Panamas economy?
“Panama is one of Latin America’s fastest growing economies these days. The global economic crisis saw its growth slow to 3 per cent last year, however over the last decade it has been posting annual growth rates of between 8 to 12 per cent. In fact the global crisis together with he expansion of the Panama Canal has led to many European and Spanish companies setting up shop there and investment is booming in Panama now. Spanish investment in Panama covers many sectors other than tourism. “RIU who are the biggest hoteliers in Jamaica, have recently opened a 20-storey corporate hotel in Panama City with almost 700 rooms. The widening of the Panama Canal is being done by a Spanish contracting company and the US$1 billion underground railway project being undertaken also sees Spanish companies bidding for that big transportation undertaking. Panama has become the place to invest in today.” Foreign and economic policy Silva believes that the global financial crisis makes foreign policy eve
