Panama

Country Panama
Capital Panama City
Continent North America(Central America)
Currency Balboa(PAB) & United States dollar(USD)
Languages Spanish

Panama City

Information

Introduction

Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan (estimated to cost $5.3 billion) to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.

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References

Panama - Wikipedia
Panama - CIA World Fact Book
Panama - BBC
Panama - Timeline - BBC

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News Headlines

Google News
Hong Kong summons Panama consul over court ruling annulling CK Hutchison port contract - ET Infra
  1. Hong Kong summons Panama consul over court ruling annulling CK Hutchison port contract  ET Infra
  2. Panama’s president hits back after China threat in canal ports row  Al Jazeera
  3. China Is Said to Pause Panama Deals After Ports Operation Nulled  Bloomberg.com


The Panama Canal is forgotten: a new interoceanic corridor opens that will change global trade - ECOticias.comThe Panama Canal is forgotten: a new interoceanic corridor opens that will change global trade  ECOticias.com

Panama, Haiti, Mexico, Puerto Rico, USA seek to build group leads - OneFootballPanama, Haiti, Mexico, Puerto Rico, USA seek to build group leads  OneFootball

China ramps up threats over Panama Canal ruling that handed Trump a major victory - CNBCChina ramps up threats over Panama Canal ruling that handed Trump a major victory  CNBC

Panama supreme court cancels Hong Kong company’s canal contracts - The GuardianPanama supreme court cancels Hong Kong company’s canal contracts  The Guardian

Hong Kong firm begins arbitration proceedings over ruling against its Panama Canal port contract - AP NewsHong Kong firm begins arbitration proceedings over ruling against its Panama Canal port contract  AP News

China warns Panama of 'heavy prices' to pay after CK Hutchison contract quashed - ReutersChina warns Panama of 'heavy prices' to pay after CK Hutchison contract quashed  Reuters

Hong Kong company’s concession to operate Panama Canal ports is ruled unconstitutional - cnn.comHong Kong company’s concession to operate Panama Canal ports is ruled unconstitutional  cnn.com

Scoop: Trump expecting favorable Panama Canal ruling to further "Donroe Doctrine" - AxiosScoop: Trump expecting favorable Panama Canal ruling to further "Donroe Doctrine"  Axios

How US intervention in Venezuela mirrors its actions in Panama in 1989 - The ConversationHow US intervention in Venezuela mirrors its actions in Panama in 1989  The Conversation