Regarding drinking, anyone over the age of 18 can buy alcohol in Panama. Public consumption of alcohol is common in certain places such as beaches, but it's prohibited in some parts of Panama City, including family-friendly Parque Omar.
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Penalties for Public DrinkingIf you have an open container of alcohol or are visibly intoxicated on a beach that does not allow drinking, you could receive a misdemeanor charge. You could receive a fine of up to $250 as well as up to 90 days in jail.