Panama is a country in Central America with coastlines on both the Caribbean Sea and the North Pacific Ocean, with Colombia (and South America) to the southeast and Costa Rica (and North America) to the northwest. It's strategically located on the isthmus that forms the land bridge connecting North and South America. It controls the Panama Canal that links the North Atlantic Ocean via Caribbean Sea with North Pacific Ocean, one of the most important shipping routes in the world.
Understand
Panama is known as the "Crossroads of the Americas" due to its privileged position between North and South America. The indigenous meaning of the country's name, "abundance of fish", reflects Panama's reputation as a paradise for water sports enthusiasts and eco-tourists alike. Panama is also known for its highly developed international banking sector, with more than 150 banks from 35 countries establishing local branches, including HSBC, Dresdner Bank and Citi Bank. Panama boasts a large expat community; about 25,000 US citizens live in country. It is worth spending some time reading up on Panama and communicating with locals, expats and fellow travelers alike before arriving in the country. Consider reviewing some yahoo groups for expats such as panamainsider or americansinpanama and following and joining the Central America Forum.
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