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Panama and BRI Initiative
February 7 , 2025
16 days
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- Panama President announced its withdrawn in China’s Belt and Road Initiative (BRI).
- The BRI was launched by China in 2013.
- It has served as a key mechanism for Beijing to extend its global economic influence by financing infrastructure projects in various countries.
- Panama had joined the initiative in 2017 during the administration of former President Juan Carlos Varela
- Panama Canal was built by the US in the early 20th century and handed over to Panama in 1999.
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