Panama has officially withdrawn from China’s Belt and Road Initiative (BRI), with President José Raúl Mulino declaring the move as part of a “decision I have made”. The decision comes after the US claimed a “victory” in the country’s withdrawal. Mulino questioned the intentions of those who signed the 2017 deal, citing concerns over China’s investment in Panama Canal. The Panamanian leader stated that the BRI had not brought significant benefits to the country and therefore decided to opt out.
Source: https://www.scmp.com/news/china/diplomacy/article/3297689/panama-pulls-out-chinas-belt-and-road-initiative-president-mulino-says