IMF Staff Country Reports

Panama: Selected Issues and Statistical Appendix

Publication Date:

January 26, 2006

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2006/026

Subject:

Banking Commercial banks Deposit insurance Financial crises Financial institutions Foreign banks Labor Lender of last resort Pensions