With an idyllic landscape of volcanoes, rain forest, and Caribbean coasts, and a skyline ever-colorful with butterfly migrations and over 350 species of birdlife, it isn't surprising Panama has always been a popular escape for Americans. Plan the perfect getaway with this guide, which features a multitude of opportunities for watersports and hiking.

2011 Updated Reprint. Updated Annually. Panama Tax Guide

This paper discusses the recent economic developments, outlook, and risks for Bhutan. Following a slowdown in activity in the wake of the rupee shortage, economic growth has picked up more recently. From an average of about 8 percent during the Ninth and Tenth Five-Year Plans spanning fiscal years (FYs) 2003/04–2012/13, real GDP growth fell below 4 percent in FY2012/13 and FY2013/14. Bhutan’s medium-term outlook remains favorable. Commissioning of new hydropower generation projects will boost output, exports, and fiscal revenues. However, domestic risks stem from the need to manage high debt and potentially volatile hydropower-related inflows, which may fuel rapid credit growth and lead to renewed external pressure.