the country has made progress in learning how to elaborate pluriannual plans and monitor the implementation of innovation policy nevertheless major challenges remain especially in guaranteeing pluriannual budgeting for innovation in improving the coordination of the promotion of science technology and innovation with the national development strategy and in scaling up initiatives in key priority areas this chapter focuses on i the institutional setting and governance for innovation policy ii the national innovation strategy and policy mix as outlined in panamas national strategic plan for science technology and innovation pencyt and iii the main implementation challenges the use of such data by the oecd is without prejudice to the status of the golan heights east jerusalem and israeli settlements in the west bank under the terms of international law