Knowledge Note

Panama is a driver of economic growth in Central America and the Caribbean. The capital, Panama City, is the region’s major financial and transportation hub, largely due to the Panama Canal. It is also highly vulnerable to natural hazards, such as floods, landslides, earthquakes, windstorms, wildfires, and storm surges, which threaten the country’s infrastructure and economic assets. The government of Panama has been working with the Global Facility for Disaster Reduction and Recovery (GFDRR) and the World Bank since 2010 to develop and implement a strategy to effectively manage the financial impact of natural disasters.

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