Panama: Staff Report for the 2014 Article IV Consultation

June 9, 2014

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Panama: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Summary

This 2014 Article IV Consultation highlights that Panama’s economic performance remains buoyant. Real GDP growth averaged about 8.5 percent over the past decade, the highest in Latin America, supported by an ambitious public investment program, and accompanied by strong reduction in unemployment, poverty, and income inequality. After exceeding 10 percent in 2011–2012, growth slowed to 8.4 percent in 2013 reflecting mainly a decline in Colon Free Zone activity and in Canal traffic. Growth is expected to remain strong over the medium term. Inflation is moderating, owing to the deceleration of international food and oil prices. The baseline outlook is favorable, with moderate risks.

Subject: Banking, Commercial banks, Credit, External debt, Financial institutions, Inflation, Money, Prices, Public debt

Keywords: Baseline outlook, Caribbean, Central America, Commercial banks, CR, Credit, Deficit, Deficit ceiling, EMBI spread, FDI inflow, Global, Inflation, ISCR, Panama, Policy discussion, Ratio result, South America, Superintendencia de Bancos de Panamá

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/157
Stock No:

1PANEA2014003
ISBN:

9781498397209
ISSN:

1934-7685

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