| Mireya Moscoso | ||||||
In terms of recognition by foreigners, international finance in Panama has taken something of a back seat to its famous canal and its role as a shipping hub. But while its small stock exchange may not have inspired investors over the years, the country has made itself into a safe haven in Latin America for sovereign debt investors.
Offering tidy rates of return of 9% and above on Panama global and Brady bonds and supported by a stable, dollarized economy, the country has always been an option should things go awry in Latin America’s big economies, such as Mexico, Brazil and Argentina.
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