Panama has borrowed US$330 million in loan from Latin American development bank, CAF, for financing its massive ICT program designed to bring about digital transformation in all economic sectors.
The Central American country is hoping to become what it calls a “digital infrastructure hub” and has already launched initiatives to build 5G networks and enact laws to regulate financial technology (fintech) and cybercrime.
Read more: Panama Borrows $330 Million for Digital Transformation