Panama - The Dubai of the Americas
(internationalpropertydirectory.blogspot.com) Development in Panama is moving full speed ahead. The Panama market is attracting the American retiree population, as well as many other buyers from North and Latin America and investors from Europe, Asia and the Middle East. Whether investing or relocating Panama has many reasons why this region has been attracting people for several years and will it seems continue to do so.
Political Risk Services (PRS) placed Panama in the top three countries of the hemisphere with the best risk-investment qualifications. Moody's and Standard & Poors have both granted high ranking to Panamanian bonds.
Panama has also showed no signs of change in its upward progress. In its annual Report, Moody's Investor Service says, "the country's (Panama) split ratings and stable outlook reflect a manageable fiscal position. Free Trade Agreements, such as the recent accord with Taiwan, will also help to benefit the Panamanian economy by encouraging foreign investment into the nation's financial and communications systems, the report added. In total, Panama has Bilateral Trade Agreements with over 20 countries throughout the world.
