Panama: 2016 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for Panama
IMF Staff Country Reports, November 2, 2016
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- Panama: 2016 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for Panama
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Bibliographic details
- Published: November 2, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475550856.002
Key findings and macroeconomic outlook
- Panama’s growth is expected to continue among the strongest in Latin America.
- GDP grew by 5.8 percent in 2015.
- Growth is projected to remain at about 6 percent in 2016 and over the medium term.
- Low inflation is noted in the consultation.
- The financial system is described as stable.
- The current account deficit is declining.
Drivers and supporting factors
- The economy will be supported by the expected opening of the expanded canal.
- Lower fuel prices are expected to provide additional support.
Fiscal position and public debt
- The overall fiscal deficit is expected to consolidate to 1.2 percent of GDP over the medium term.
- Public debt is projected as sustainable.
Subject areas and keywords included in the report
- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT); Banking; Commercial banks; Crime; Financial institutions; Fiscal policy; Fiscal stance; Public debt; Revenue administration.
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authority, banking system, canal revenue, Caribbean, Central America, Commercial banks, CR, customs authority, deficit, disaster risk management program, FATF assessment, finance minister, Fiscal stance, Fondo de Ahorro de Panama, Global, government finance statistics yearbook, ISCR, Panama, Panama energy diagnostic, Panama's superintendent, Panamanian authorities, removal from the FATF list of country, safeguards ASSESSMENT policy, superintendent of bank.