Issued in 1950 by the Republic of Panama, this 0.01 balboa stamp promotes physical education (Pro Educación Física). The design, printed by Waterlow & Sons Limited, depicts modern sports facilities including a grandstand and a swimming pool diving platform, highlighting Panama’s investment in athletics and public health. The issue reflects a mid-20th century movement across Latin America to encourage youth development through sports. Printed in green and black, it served as a low-value definitive/charity issue intended for everyday postal use while supporting educational causes.