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2016-04-12 — theguardian.com
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Panamanian President Juan Carlos Varela has defended the country's financial sector, which is considered of strategic importance for the economy. But Varela has also promised the international community that he is willing to make reforms to make the sector more transparent.
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The government announced that Joseph Stiglitz, who won the Nobel Prize in economics in 2001, would be one member of an international panel formed to review Panama's legal and financial practices and recommend improvements.
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