MENA FN on 16th July reported that corruption remains Panama’s biggest challenge, according to a US State Department report on the investment climate released on July 11th.  The report notes that US investors claim that there is “rampant corruption” in both the private and public sectors and recalls that Panama ranked 93 out of 180 countries in Transparency International’s Corruption Perception Index in 2018.  The State Department points out in particular problems with land title, and the lack of transparency in public procurement.


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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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