Judicial branch: Supreme Court of Justice (Corte Suprema de Justicia), nine judges appointed for 10-year terms; five superior courts; three courts of appeal
Political parties and leaders:
governing coalition : Democratic Revolutionary Party (PRD), Gerardo
GONZALEZ; Liberal Republican Party (PLR), Rodolfo CHIARI; Labor Party
(PALA), Carlos Lopez GUEVARA
other parties: Solidarity Party (PS), Samuel LEWIS GALINDO;
Nationalist Republican Liberal Movement (MOLIRENA), Ramon MORALES
Quijano; Authentic Liberal Party (PLA), Arnulfo ESCALONA; Arnulfista
Party (PA), Mireya MOSCOSO DE GRUBER; Christian Democratic Party
(PDC), Ruben AROSEMENA; Liberal Party (PL), Roberto ALEMAN Zubieta;
Papa Egoro Movement (MPE), Gloria YOUNG; Civic Renewal Party (PRC),
Tomas HERRERA; National Unity Mission Party (MUN), Jose Manuel
PAREDES; Independent Democratic Union (UDI), Jacinto CARDENAS;
National Renovation Movement (MORENA), Pedro VALLERINO
Political pressure groups and leaders: National Council of Organized
Workers (CONATO); National Council of Private Enterprise (CONEP);
Panamanian Association of Business Executives (APEDE); National Civic
Crusade; Chamber of Commerce; Panamanian Industrialists Society (SIP);
Workers Confederation of the Republic of Panama (CTRP)
International organization participation: AG (associate), CCC, ECLAC,
FAO, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS,
ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES,
LAIA (observer), NAM, OAS, OPANAL, PCA, UN, UNCTAD, UNESCO, UNIDO,
UPU, WCL, WFTU, WHO, WIPO, WMO, WTrO (applicant)
Diplomatic representation in the US: chief of mission: Ambassador Eduardo Gonzalez MORGAN chancery: 2862 McGill Terrace NW, Washington, DC 20008 telephone: [1] (202) 483-1407 consulate(s) general : Atlanta, Houston, Miami, New Orleans, New York, San Francisco, San Juan (Puerto Rico), Tampa
Diplomatic representation from the US: chief of mission: Ambassador William John HUGHES embassy: Avenida Balboa and Calle 38, Apartado 6959, Panama City 5 mailing address : American Embassy Panama, Unit 0945, APO AA 34002 telephone: [507] 227-1377 FAX: [507] 227-1964
Flag description: divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red, the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center
Economy
Economy - overview: Because of its key geographic location, Panama's economy is service-based, heavily weighted toward banking, commerce, and tourism. Panama's former protectionist policies have taken their toll, and the economy has been sluggish the last two years, with GDP growth at 1.9% in 1995 and 1.5% in 1996. Although tourism and the Panama Canal posted growth in 1996, most sectors remained stagnant, and some, like the Colon Free Zone, banana and shrimp exports, and construction, were down from 1995. Although the PEREZ BALLADARES administration has advanced an economic reform program designed to liberalize the trade regime, attract foreign investment, privatize state-owned enterprises, institute fiscal reform, and encourage job-creation through labor code reform, the positive effects of this program have not yet been felt at the macroeconomic level. In 1996, the government concluded a Brady-type plan to restructure the country's commercial debt - one of the highest in the world in per capita terms - allowing it to reenter international financial markets. Panama also completed all requirements to join the World Trade Organization (WTrO) and is awaiting legislative ratification to become a full member.
GDP: purchasing power parity - $14 billion (1996 est.)