Persistent rains in Panama have caused significant damage to over 8.000 hectares of crops, primarily affecting rice, coffee, and plantains, with provinces like Veraguas and Chiriquí hardest hit, as authorities assess losses and measures for farmers

Despite reduced ship traffic due to drought, the Panama Canal achieved record revenues of nearly US$5 billion in the 2024 fiscal year, up 1% from the previous year, attributed to higher tolls and priority crossing auctions

Due to severe drought, vessel transit through the Panama Canal dropped by 29% in 2024, as reduced rainfall lowered water levels in the canal’s artificial lakes, cutting daily ship passages from 38 to 22

Seeking support from France in removing Panama from tax haven blacklists, including one by the European Union, the country continues to rebuild its image after the 2016 "Panama Papers" scandal