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Panama has shown solid and sustained economic growth in recent years on the order of 7% annually. The growth rate was 8.1% in the first half of 2006 and is predicted to reach 10% in 2007 if the program of work and investments continues to unfold as planned. This vigorous growth is a result of policies that attempt to support and regulate tourism development, positioning the country as a tourism destination and preferred spot for the retirement of pensioners, as well as policies that strengthen all aspects of legislative security, social security and above all, that create a stable business environment that welcomes business to Panama. The country is known for its financial hub and international business. The following are among the many aspects that investors should consider.