Republic of New Granada Republic of New Granada The Republic of New Granada was a centralist republic consisting primarily of present-day Colombia and Panama with smaller portions of today's Nicaragua, Costa Rica, Ecuador, Venezuela, Peru, and Brazil. It was created after the dissolution in 1830 of Gran Colombia, with the secession of Ecuador (Quito, Guayaquil and Azuay) and Venezuela (with Orinoco, Apure and Zulia) and was formed by the departments of Boyaca, Cauca, Cundinamarca, Magdalena, and Istmo, all parts of the present Republic of Colombia. except Istmo, which is part of present-day Panama). In November 1831, those departments created the Republic of New Granada,
Separation of Panama from Colombia for constructing the canal, the U.S. was granted a perpetual lease on the land around the canal, known as the Panama Canal Zone, which was later returned to Panama under the terms of the Torrijos–Carter Treaties. After the United States, many other nations quickly recognized the independent republic, though Colombia refused to do so until 1909, after receiving a $500,000 concession from Panama to cover its share of the debts it owed at independence. After it achieved independence from Spain on November 28, 1821, Panama became a part of the Republic of Gran Colombia which consisted of today's Colombia, Venezuela,