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Panama: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 026
Language:
English
Publication Date:
26 Jan 2006
DOI:
https://doi.org/10.5089/9781451830866.002
ISBN:
9781451830866
ISSN:
1934-7685
Pages:
94
Keywords:
ISCR; CR; bank; liquidity; organic law; CSS organic law; CSS imbalance; CSS worker; CSS program; government proposal; Banco Interoceanico de Panamá; Commercial banks; Lender of last resort; Deposit insurance; Pensions; Foreign banks; South America; Global
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This Selected Issues paper on Panama explores the current situation and trends of the Caja del Seguro Social (CSS) in Panama. The autonomy is embedded in its Organic Law, which also provides the agency with the right to have separate funds from the central government. The slowdown in economic activity and employment has led to a decline in the coverage of the social security system. The Panamanian pension levels are generous, despite the lack of indexation, even by the high standard of advanced European countries, and among the highest in Latin America.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund