Thanks to a good friend of mine, I was able to pick up this belt and magazine pouches. I THINK the belt is WW2 era (perhaps post war). One of the buckles is brass and the other side is a later black painted buckle.
The pouches are both 1944 dated M1 Carbine pouches. One is made by Pittsburgh Garter Company and the other is made by Camlin Fashions of America.
Here is the twist....the belt and pouches were given to Panama by the US and Panama has painted over the US stamp and painted GN on them. GN stands for the Guardia Nacional which was the National Guard/Armed Forces of Panama in the late 60s and 70s. This practice was continued when General Noriega took over and renamed the Guardia Nacional the Panamanian Defense Forces in the 80s.