| Local and foreign businessmen have more than USD | | | | interesting opportunities that will enable Panama to |
| $500 million ready to invest in the development of | | | | develop its tourism sector. |
| tourism projects in Panama. These are plans that seek | | | | According to Alejandro Balaguer, the Managing Editor |
| to develop, among others, Panama's Pacific and | | | | of the Albatross Foundation, a non-governmental |
| Atlantic coasts scenarios with a huge potential - as | | | | organization responsible for educational programs for |
| destination for those who want to visit or reside in their | | | | environmental protection, bill 132, which became Law 2 |
| paradisiacal surroundings. "Eyhaes Serrano" | | | | favors the development of tourism without affecting |
| With the approval of Law 2 of January 2006 a legal | | | | the environment, emphasizing however that "it is |
| framework on tourism incentives that seeks to | | | | everybody's responsibility to ensure that the current |
| promote, in a an orderly manner, investments in tourism | | | | Law on environmental protection is respected and |
| without the affecting established private property, | | | | applied, so that the foreign investment can be taken |
| acquired rights or environment a significant step is | | | | advantage of without this signifying the destruction of |
| taken to boost this growing industry in the country. | | | | the country's abundant natural resources". |
| According to officials at the Economy and Finance | | | | To guarantee clear game rules, the Panamanian |
| Ministry of the Republic of Panama, the contribution of | | | | government established a framework that seeks to |
| tourism investment to the Gross Domestic Product, | | | | stimulate domestic and foreign investment, that, |
| GDP, could be 14% in the next four years, in a country | | | | according to spokesmen, will have a positive outcome |
| that is forecast to grow 6.1%. | | | | with higher employment and will be another boost in |
| Despite the warnings from ecologists that oppose the | | | | that search for economic and social progress for |
| implementation of the law and the regulation of the | | | | Panama. |
| concessions, the real panorama promises a lot for the | | | | "Carlos Ernesto Gonzalez Ramirez, the former |
| investor who wishes to explore this market of | | | | president of the Panamanian Association of Business". |