Panama : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Panama

Information about Western Hemisphere Hemisferio Occidental

Explore other countries and regions »

Panama : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Panama
Get Code Buy
Journal Issue
Share
Volume/Issue:
2010/314
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
October 2010
DOI:
http://dx.doi.org/10.5089/9781455208630.002
ISBN:
9781455208630
ISSN:
1934-7685
Page:
50
Bank financial soundness indicators are solid, with high levels of capitalization and low nonperforming loan rates. Among other measures, they include broadening of the tax base, changes to dividend taxation, an increase in the value-added tax, lower personal and corporate income tax rates, and elimination of loopholes. They welcomed the adoption of a medium-term fiscal framework and the government's ambitious plans for fiscal consolidation over the medium term. The resilience of the banking system to the global financial crisis was welcomed.
Article

Statement by Paulo Nogueira Batista, Executive Director for Panama and Alfredo Maciá, Advisor

Author(s):
International Monetary Fund
Published Date:
October 2010
    Share
    • ShareShare
    Information about Western Hemisphere Hemisferio Occidental

    Explore other countries and regions »

    Other Resources Citing This Publication

    look up citations for this publication in google scholar