Dhaka, April 5 -- Panama is setting the stage for a major transformation in its film industry, driven by a new wave of leadership under President Jose Raul Mulino. A dynamic, largely female-led team is spearheading efforts to position the country as a prime destination for international productions.

At the forefront is Vice Minister of Culture Arianne Benedetti, a filmmaker and former film commissioner who played a key role in shaping Panama's 2012 film law, according to Variety.

"We're working to enhance all forms of incentives - from infrastructure and labour support to expanded cash-back offers," Benedetti said. A new incentive aimed at attracting gaming producers is also in development.

One of the core proposals is to increase the ...