Central America, Panama, and the Dominican Republic Regional Resident Representative Site
Regional Resident Representative Office in Central America, Panama, and the Dominican Republic
This web page presents information about the work of the IMF in Central America, Panama and the Dominican Republic, including the activities of the IMF Regional Representative Office. Additional information can be found on the IMF country pages of the enlarged Central American region (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama), including official IMF reports and Executive Board documents in English and Spanish that deal with Central America as a region and with each of its countries.
News and Highlights
Press Release: Central America, Panama, and the Dominican Republic: Challenges Following the 2008-09 Global Crisis
Letter of Condolence of the IMF Deputy Managing Director, Naoyuki Shinohara, to Guatemala's IMF Governor, Bank of Guatemala's President Edgar Barquín
Central America and The IMF
Press Release: IMF Announces Finalists for Student Essay Contest: “How to Build a Better Future for Latin America”
Press Release: IMF Executive Board Concludes 2014 Article IV Consultation and Second Post-Program Monitoring Discussion with the Dominican Republic
Regional Economic Outlook Update: Western Hemisphere
Growth across Latin America and the Caribbean is expected to remain subdued at 2.5 percent in 2014. The firming recovery in the advanced economies will support export activity, but this positive impulse is likely to be offset in many countries by the impact of lower commodity prices, tighter external financing conditions, and domestic supply bottlenecks. Renewed volatility in financial markets and a sharper-than-expected decline in commodity prices represent distinct downside risks. Faced with these challenges, policymakers should seek to preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks. For fiscal policy, a neutral to tighter stance will be appropriate in most countries, while exchange rate flexibility and proactive supervision of the financial system should serve as the principal defenses against external volatility. To boost medium-term growth prospects, further efforts are needed to raise infrastructure investment, improve educational outcomes, and enhance the business environment.