The Tailor of Panama (2001)

A British spy is banished to Panama after having an affair with an ambassador's mistress. Once there he makes connection with a local tailor with a nefarious past and connections to all of the top political and gangster figures in Panama. The tailor also has a wife, who works for the Panamanian president and a huge debt. The mission is to learn what the President intends to do with the Panama Canal. But what the two do is concoct a tremendous fictional tale about former mercenaries who are ready to topple the current government and are willing to work with Britain and the US to do so.