Panama: Staff Report for the 2000 Article IV Consultation
IMF Staff Country Reports, February 20, 2001
Source details
- Canonical URL
- Panama: Staff Report for the 2000 Article IV Consultation
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Bibliographic details
- Published: February 20, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830828.002
Executive summary and main findings
- Under the Stand-By Arrangement, Panama has achieved good economic performance owing to its strong financial reform and low inflation.
- Executive Directors welcomed this step, and stressed the need to:
- improve fiscal consolidation and tax reforms,
- tighten monetary stance,
- strengthen public finances,
- accelerate structural reforms.
- Directors agreed that the country's economic and financial statistics are adequate for surveillance and program purposes, and encouraged the authorities to address remaining weaknesses, especially in the balance of payments and national accounts.
Policy recommendations emphasized by Executive Directors
- Improve fiscal consolidation and implement tax reforms.
- Tighten monetary stance.
- Strengthen public finances.
- Accelerate structural reforms to sustain performance and resilience.
Data quality and statistical assessment
- The Fund concluded that Panama’s economic and financial statistics are adequate for surveillance and program purposes.
- Remaining weaknesses to be addressed included:
- balance of payments statistics,
- national accounts.
Subjects and keywords
- Subjects: Banking, Basel Core Principles, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial regulation and supervision, Public debt, Public sector
- Keywords: Alfredo Maciá, Basel Core Principles, basis, body, Commercial banks, CR, current account, ISCR, Panama-headquartered bank, preliminary data, private sector, Public sector, South America, statement by Murilo Portugal, target for the PSBR
Source: Panama: Staff Report for the 2000 Article IV Consultation (IMF Staff Country Reports), February 20, 2001.