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Signed on November 18, 1903, it established the Panama Canal Zone—over which the United States would exercise sovereignty—and insured the construction of an Atlantic to Pacific ship canal across the Isthmus of Panama. Panama sold the Canal Zone (consisting of the Panama Canal and an area generally extending five miles (8.0 km) on each side ...
Banking in Panama. Panama has a substantial financial services sector. The sector grew up providing trade finance for trade passing through the Panama Canal, and later evolved into money laundering for the drug trade under Manuel Noriega . Panama has had two Panamanian government-owned banks: the National Bank of Panama ( Spanish: Banco ...
Location of Panama between the Pacific Ocean (bottom) and the Caribbean Sea (top), with the canal at top center. The Panama Canal (Spanish: Canal de Panamá) is an artificial 82-kilometre (51-mile) waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, cutting across the Isthmus of Panama, and is a conduit for maritime ...
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Balboa Bank & Trust is a financial institution based in the Banking Center of the Republic of Panama. It is a subsidiary of Strategic Investors Group, Inc., a company registered under the laws of the Republic of Panama. The bank offers savings accounts, checking accounts, time deposits, money market accounts, debit cards, trust services, credit ...
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Panama's president-elect, Jose Raul Mulino, said on Wednesday he will urge lawmakers to approve a law enabling the Panama Canal to build large water reservoirs in the face of an unprecedented ...
The Bridge of the Americas crosses the Pacific approach to the Panama Canal at Balboa, near Panama City. It was built between 1959 and 1962 by the United States at a cost of US$ 20 million. From its completion in 1962 until the opening of the parallel Centennial Bridge in 2004, the Bridge of the Americas was a key part of the Pan-American Highway.