Someprevious discussion. Looks like there is some info there that's not in your post, e.g. Paraguay also has a Friendly Nations visa which is easier to maintain than Panama's? (Maintaining the visa on a long-term basis could make sense if you're concerned about a disaster where lots of people are suddenly trying to get out >>> countries like Panama and Paraguay make the Friendly Nations visa harder to obtain, while continuing to honor permanent residency for those who have already been granted it.)
Some previous discussion. Looks like there is some info there that's not in your post, e.g. Paraguay also has a Friendly Nations visa which is easier to maintain than Panama's? (Maintaining the visa on a long-term basis could make sense if you're concerned about a disaster where lots of people are suddenly trying to get out >>> countries like Panama and Paraguay make the Friendly Nations visa harder to obtain, while continuing to honor permanent residency for those who have already been granted it.)