Panama Rejects Belt and Road Initiative: US Claims Victory, But Questions Remain
Panama has formally withdrawn from China’s Belt and Road Initiative, with President José Raúl Mulino citing a lack of demonstrable benefits to the country from the 2017 agreement. The decision, announced at a press conference, follows concerns regarding Chinese investment in the Panama Canal. Mulino stated that he instructed Panamanian diplomats in Beijing to provide the required notification. This action comes amidst speculation of US influence.
John Q. Hosedrinker