Panama: Staff Report for the 2004 Article IV Consultation
Electronic Access:
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Summary:
This 2004 Article IV Consultation for Panama reports that the medium-term outlook is encouraging, assuming implementation of the authorities’ fiscal program, which should put the public debt ratio on a steadily declining path. The banking system experienced a substantial recovery in 2003–04, and the financial system remains essentially sound, with favorable performance indicators and a strong regulatory framework. An expansion of the Panama Canal at an estimated cost of more than 30 percent of GDP could, if approved in a national referendum, have a far-reaching impact on the economy’s growth prospects.
Series:
Country Report No. 2006/007
Subject:
Commercial banks Economic sectors Financial institutions Fiscal policy PFM legal and regulatory frameworks Public debt Public financial management (PFM) Public sector
English
Publication Date:
January 6, 2006
ISBN/ISSN:
9781451830859/1934-7685
Stock No:
1PANEA2006002
Pages:
70
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