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Schools Closed in Panama's Energy Crisis

Panama is shutting down all schools and universities for three days, beginning Wednesday, in an attempt to save electricity and avoid power rationing.

The Central American nation -- which depends heavily on hydroelectric power fueled by water -- is experiencing a drought. Reservoirs are low after months without rain.

Working hours for government offices will also be reduced in Panama's energy saving effort.

Emergencies have been declared in several provinces as hundreds of cows have died in the parched conditions and farmers have had to significantly delay planting.

Panama is one of Latin America's fastest growing economies.

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