Panama lies at the crossroads of the North and South American continents and the Atlantic and Pacific oceans. The country has the largest rainforest in the Western Hemisphere outside the Amazon Basin.
Panama has made significant progress in reducing poverty in recent years in part due to economic growth and public transfers. Between 2015 and 2018, poverty at US$ 5.5 fell from 15.4 to 12.6 percent while extreme poverty at US$ 3.2 declined from 6.7 to 5.2 percent. However, poverty has only marginally decreased in 2019 and will expectedly increase as a result of the COVID-19 outbreak, wiping out the gains in poverty reductions, and sharpening poverty and inequity disparities within most vulnerable groups such as indigenous people and afro descendants (World Bank, 2020)
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