Panama has one of the highest literacy rates in the region, with more than 90 percent of the population literate. A significant percentage of Panamanians speak English well, and also hebrew, mandarin and other languages. There are more than five private universities in Panama, plus a major Catholic university and the state institution, the University of Panama.

The annual budget for education accounts for approximately 20 per cent of public spending. Over 95 per cent of primary and secondary school students successfully complete their education, although only about 60 per cent finish their studies in the scheduled length of time. Average schooling is closed to 7 years against an average of 10 in the most developed countries.

R&D in universities is becoming more practically oriented towards society’s needs. Panama needs more well-trained scientists and technicians for the new challenges in the development of the country as a major player in maritime, telecommunications, scientific, ecological and internet sectors.

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