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Panama: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 083
Language:
English
Publication Date:
10 Apr 2012
DOI:
https://doi.org/10.5089/9781475503142.002
ISBN:
9781475503142
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; FDI; largely not observed; Panama's investment performance; Panama Canal expansion; double-taxation agreements; youth unemployment; IMF staff estimate; Public sector; Public investment spending; Liquidity; Fiscal stance; Global; Central America; South America; South Asia; Caribbean
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The 2011 Article IV Consultation reports that Panama’s economy has rebounded strongly from the 2009 slowdown, and is one of the fastest-growing in the region. Rapid growth and prudent fiscal policy have lowered public debt to less than 40 percent of GDP, and rating agencies have placed Panama’s sovereign debt one notch above investment grade. The neutral fiscal stance envisaged for 2012–13 is broadly appropriate, though a tighter stance would have been preferable to rebuild buffers and contain inflation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund