{
  "title": "Panama: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Panama",
  "publication": "IMF Staff Country Reports, July 13, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/panama-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23081",
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  "summary": "Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil. The 2009 Article IV Consultation highlights that real GDP of Panama in 2008 grew by 9.2 percent.",
  "publishDate": "2009-07-13",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary and Key Findings",
      "content": "- Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil.\n- Real GDP of Panama in 2008 grew by 9.2 percent.\n- Panama’s large banking system has weathered the global financial crisis relatively well.\n- Executive Directors noted that Panama is facing the global economic crisis from a position of strength.\n- Directors commended the authorities for the fiscal consolidation of recent years and the associated rapid decline in the public debt-to-GDP ratio."
    },
    {
      "heading": "Economic Performance",
      "content": "- Real GDP growth in 2008: 9.2 percent."
    },
    {
      "heading": "Financial Sector Resilience",
      "content": "- Panama’s large banking system is described as having weathered the global financial crisis relatively well."
    },
    {
      "heading": "Fiscal Position",
      "content": "- Authorities were commended for fiscal consolidation in recent years and the associated rapid decline in the public debt-to-GDP ratio."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector, Revenue administration\n- Keywords: Caribbean, CD alliance, Central America, Commercial banks, correspondent bank credit line, CR, Credit, Global, IDB fund, ISCR, nontax revenue, Panama, Public sector, staff appraisal, Western Hemisphere\n\n---\n\n Content in this bundle\n\n- cr09207\n  - cr09207 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09207 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/panama-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23081"
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    "Published: July 13, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451830910.002",
    "Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil.",
    "Real GDP of Panama in 2008 grew by 9.2 percent.",
    "Panama’s large banking system has weathered the global financial crisis relatively well.",
    "Executive Directors noted that Panama is facing the global economic crisis from a position of strength.",
    "Directors commended the authorities for the fiscal consolidation of recent years and the associated rapid decline in the public debt-to-GDP ratio.",
    "Real GDP growth in 2008: 9.2 percent.",
    "Panama’s large banking system is described as having weathered the global financial crisis relatively well.",
    "Authorities were commended for fiscal consolidation in recent years and the associated rapid decline in the public debt-to-GDP ratio.",
    "Subject: Banking, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Money, Public debt, Public sector, Revenue administration",
    "Keywords: Caribbean, CD alliance, Central America, Commercial banks, correspondent bank credit line, CR, Credit, Global, IDB fund, ISCR, nontax revenue, Panama, Public sector, staff appraisal, Western Hemisphere",
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