Economy, Panama Canal
Panama Canal Authority, Panamanians, Panama Canal, member board of directors, single source
The Panama Canal continues to generate more jobs, contracts, and government revenues than any other single source in the nation. It contributes more than 10 percent of the nationís GDP.
From 1979 to 1999 the canal was operated jointly by the United States and Panama, with four Panamanians serving on the nine-member board of directors of the Panama Canal Commission. After 1990 the canal administrator was also Panamanian. After Panama assumed control of the canal in 1999, the commission became the Panama Canal Authority, a public Panamanian corporation, and took over the operation of the canal.
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