Panama: 2017 Article IV Consultation-Press Release; and Staff Report for Panama

May 4, 2017

Preview Citation

Format: Chicago

Panama: 2017 Article IV Consultation-Press Release; and Staff Report for Panama, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights Panama’s economy as the fastest growing in Latin America over the past two decades. It is expected to remain among the most dynamic in the region, with stable and low inflation, sustainable public debt, a declining current account deficit, and a stable financial sector. Economic growth moderated to 4.9 percent in 2016 in the face of external headwinds, and inflation and unemployment remain subdued but have risen slightly. Fiscal consolidation continues in line with fiscal rule targets, and public debt is sustainable. Credit growth remains strong, but has begun to slow recently. The outlook is favorable despite heightened external uncertainty.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Financial institutions, Financial regulation and supervision, Public debt, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, Central America, Commercial banks, CR, Deficit, Disaster risk management program, Financing, Fondo de Ahorro, Global, IMF staff estimate, ISCR, Medium-term growth prospect, NFPS deficit, Panama, Panama energy diagnostic

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/105
Stock No:

1PANEA2017001
ISBN:

9781475597714
ISSN:

1934-7685

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