{
  "title": "Panama: Staff Report for the 2003 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 6, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/panama-staff-report-for-the-2003-article-iv-consultation-19105",
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  "summary": "This 2003 Article IV Consultation for Panama reports that the medium-term outlook is sound, assuming continued pursuit of prudent fiscal policies and growth-enhancing structural reforms.",
  "publishDate": "2006-04-06",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The medium-term outlook is sound, assuming continued pursuit of prudent fiscal policies and growth-enhancing structural reforms.\n- Sustained compliance with the fiscal responsibility law will require structural reforms, including improvement of tax administration.\n- Comprehensive reform of the pension system is needed to ensure its viability.\n- The authorities are taking some administrative steps to reduce the deficit, but comprehensive reform will have to be done by the new government."
    },
    {
      "heading": "Key findings",
      "content": "- Medium-term outlook: sound, conditional on fiscal prudence and structural reforms.\n- Fiscal policy: ongoing need for structural reforms to sustain compliance with the fiscal responsibility law.\n- Tax administration: improvement identified as a necessary component of fiscal reform.\n- Pension system: comprehensive reform required to ensure viability.\n- Government actions: current measures are administrative and partial; comprehensive reform deferred to the incoming government."
    },
    {
      "heading": "Policy recommendations and implications",
      "content": "- Continue pursuit of prudent fiscal policies to maintain the sound medium-term outlook.\n- Implement growth-enhancing structural reforms to support sustained economic performance.\n- Improve tax administration as part of the structural reforms needed to ensure sustained compliance with the fiscal responsibility law.\n- Undertake comprehensive pension system reform to secure long-term viability.\n- Prepare comprehensive fiscal and structural reform plans for implementation by the new government, beyond the administrative steps already taken.\n\n---\n\n Content in this bundle\n\n- cr06130\n  - cr06130 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06130 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/panama-staff-report-for-the-2003-article-iv-consultation-19105"
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    "Published: April 6, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451830873.002",
    "The medium-term outlook is sound, assuming continued pursuit of prudent fiscal policies and growth-enhancing structural reforms.",
    "Sustained compliance with the fiscal responsibility law will require structural reforms, including improvement of tax administration.",
    "Comprehensive reform of the pension system is needed to ensure its viability.",
    "The authorities are taking some administrative steps to reduce the deficit, but comprehensive reform will have to be done by the new government.",
    "Medium-term outlook: sound, conditional on fiscal prudence and structural reforms.",
    "Fiscal policy: ongoing need for structural reforms to sustain compliance with the fiscal responsibility law.",
    "Tax administration: improvement identified as a necessary component of fiscal reform.",
    "Pension system: comprehensive reform required to ensure viability.",
    "Government actions: current measures are administrative and partial; comprehensive reform deferred to the incoming government.",
    "Continue pursuit of prudent fiscal policies to maintain the sound medium-term outlook.",
    "Implement growth-enhancing structural reforms to support sustained economic performance.",
    "Improve tax administration as part of the structural reforms needed to ensure sustained compliance with the fiscal responsibility law.",
    "Undertake comprehensive pension system reform to secure long-term viability.",
    "Prepare comprehensive fiscal and structural reform plans for implementation by the new government, beyond the administrative steps already taken.",
    "**_cr06130**"
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