Now over three years into an audacious $14 billion, five-year government investment plan, the Republic of Panama is already enjoying the fruits of improved infrastructure, a more efficient tax and regulatory environment, and growing revenues from trade and logistics services, tourism and sustainable agriculture. In less than four years, Panama has built or improved its roads, hospitals, schools, airports, ports, utilities, conference facilities, a free trade zone and a new subway system for Panama City. The Panama Canal, which already carries 5% of the world's shipping, is being expanded to accommodate more and larger ships-improvements which will triple Canal-based annual revenues to over $4 billion a year by 2022.
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