Panama: Staff Report for the 2011 Article IV Consultation
April 10, 2012
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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.
Subject: Asset and liability management, Banking, Economic sectors, Expenditure, Fiscal policy, Fiscal stance, Liquidity, Public debt, Public investment spending, Public sector
Keywords: Caribbean, Central America, CR, double-taxation agreements, FDI, Fiscal stance, Global, IMF staff estimate, ISCR, largely not observed, Liquidity, Panama Canal expansion, Panama's investment performance, Public investment spending, Public sector, South America, South Asia, youth unemployment
Pages:
61
Volume:
2012
DOI:
Issue:
083
Series:
Country Report No. 2012/083
Stock No:
1PANEA2012001
ISBN:
9781475503142
ISSN:
1934-7685
