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(English) Let´s Protect the Goose That Lays the Golden Eggs

Eduardo Morgan Jr.

In September 1996, I was appointed Panama’s ambassador to the U.S. These were crucial times for [our bilateral relationship], for the U.S. presence in Panama was coming to and end. There was tension stemming from accusations that our country was not doing enough in the fight against drug trafficking and money laundering. […]

(English) Carlos Andres Perez and the Torrijos-Carter Treaties

Eduardo Morgan Jr.

Carlos Andrés Pérez was a Venezuelan who embodied the spirit of Simon Bolivar. His life, which has been summarized in the world press on the occasion of his death at 88, was a constant struggle for democracy and freedom in Venezuela and throughout Latin America. Panama was a direct beneficiary of that […]

(English) Reflections on a Tax Treaty with U.S.

By Eduardo Morgan Jr.

The express interest of the United States in requesting from Panama an agreement to exchange tax information is to gain access to its taxpayers’ investments in Panama, which, as per its tax system, are subject to U.S. taxes. For its part, Panama has no interest in a tax treaty limited to […]

(English) History Shall Not Repeat Itself

By Eduardo Morgan Jr.

In the month in which we commemorate our most important national holidays, there is an infamous date that we must never forget: November 18, 1903, the day of the signing of the Hay – Bunau-Varilla Treaty.

Philippe Bunau-Varilla, Panama’s first ambassador to Washington, was an extraordinary man. The book ‘Con […]

(English) Why Here and Not There?

By Eduardo Morgan Jr.

In 2001, the U.S. decided to try to comply with the proposal of the Organization for Economic Cooperation and Development (OECD) to provide information to foreign countries on the deposits of its nationals. Below are, verbatim, some of objections raised:

1. Letter from Congressmen to the Treasury Secretary: “The proposal is […]

(English) The Faint of Heart

By Carlos Ernesto González Ramírez

Some people lack the courage to attempt great things, or they shy away from situations that seem beyond their capability. Normally, these people do not even have the initiative to explore the limits of the opposition, a fear based solely on perception, rather than on a sober analysis of reality. […]

(English) GDP Outlook: Panama Leads Latin America according to Latin Business Chronicle

BY CHRONICLE STAFF

Panama will have Latin America’s highest economic growth the next five years, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.

Close behind are the Dominican Republic and Peru.

Meanwhile, Venezuela will see the lowest growth in the five-year period 2011-15.

All in all, Latin America […]

(English) Panama: Economic Fact Sheet

Presidency of Panama

Secretary of Economic Affairs

GDP (current):

– PANAMA: $24.3 Billion (2009) / $26.0Billion (2010 estimation)

– LATIN AMERICA AND CARIB. COUNTRIES: $4,024.0 Billion (2009)

GDP (annual growth rate):

– PANAMA: 2.4% (2009) / 7.0% (2010 estimation) / 6.0% (2011 est.)

– LATIN AMERICA AND CARIB. COUNTRIES: -1.9% (2009) / 5.2% (2010 est.) […]

(English) Letter from Dr. Eduardo Morgan Jr. to the editor of The Journal-STEP commenting the article “Banking Secrecy-Where will OECD´s Hunger for Tax Information Stop?” September 27, 2010

Dear editor,

I want to refer to the article BANKING SECRECY – Where will OECD’s hunger for tax information stop?

The OECD is not an international organization but a Think Tank of rich countries. International Organizations are the IMF, the IMO, and othes that were created openly for all countries and have […]

(English) Panama, an example to the world

By Eduardo Morgan Jr.

August, 2010

In his presentation before the Banking Convention, Alberto Vallarino, Panama´s Minister of Economy and Finance, detailed the nation´s riches available to support our ambitious development plans for the coming years. He stressed the value of land in the Canal area and other regions, the expansion of public utilities and […]