Military expenditures - dollar figure: $128 million (FY99)
Military expenditures - percent of GDP: 1.3% (FY99)
Military - note: on 10 February 1990, the government of then President ENDARA abolished Panama's military and reformed the security apparatus by creating the Panamanian Public Forces; in October 1994, Panama's Legislative Assembly approved a constitutional amendment prohibiting the creation of a standing military force, but allowing the temporary establishment of special police units to counter acts of "external aggression"
Transnational Issues Panama
Disputes - international: none
Illicit drugs: major cocaine transshipment point and major drug money-laundering center; no recent signs of coca cultivation; monitoring of financial transactions is improving; official corruption remains a major problem
This page was last updated on 1 January 2002
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