Panama: Plenty Of Fish I did my report on the country of Panama. Panama is made up of nine provinces: Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, and Veraguas; along with one territory, Comarca de San Blas. The capital of Panama is Panama City. Five major cities are Panama City, Colon, David, Portobelo, and Santiago. They speak mostly Spanish and some English. LOCATION Panama is located in Central America. It's relatively located in between Costa Rica at the west and Columbia at the east of Panama. It has the Atlantic Ocean at its north and the Pacific Ocean at the south. It's located at about 9.5 degrees N and 7 degrees N, and ab