Panama: 2012 Article IV Consultation

March 28, 2013

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Panama: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

Panama’s per capita GDP has doubled, driven by a steady rise in public and private investment underpinned by a stable macroeconomic environment and prudent policies. Easy credit and fiscal conditions should continue to support public and private consumption. Further fiscal restraint through better tax administration and expenditure management and enhanced buffers would help cope with adverse spillovers. There is progress in implementing financial sector assessment program (FSAP) recommendations, though there is a need to upgrade financial sector supervision. Improvements in competitiveness and recent education reforms should help sustain growth over the medium term.

Subject: Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Public investment spending, Revenue administration

Keywords: Asia and Pacific, Authorities' readiness, Authority, Baseline outlook, Central America, Core inflation, CR, External shock, Global, Growth performance, IMF staff estimate, Inter-American Development Bank, ISCR, Panama, Public investment and public-private partnerships (PPP), Public investment spending, South America, Support of the IMF, Tax revenue authority

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/088
Stock No:

1PANEA2013001
ISBN:

9781484327944
ISSN:

1934-7685

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