Panama has become an international business hub and is no longer
identified only as the home of the Panama Canal. Its booming
economy and internationally recognised banking system have made
it one of the most solid countries in the continent.
Panama,
The
Place
a key enclave
Panama City was founded on 15 August
1519 by Pedro Arias Dávila. Two years la-
ter, pursuant to a Royal Charter dated 15
September 1521, it was granted the title of
“city”.
Situated on the shores of the Gulf of Pana-
ma in the Pacific Ocean, east of the mouth
of the Panama Canal, with a population of
more than 1.4 million, it is the capita and
the largest city in the Republic of Panama,
