Panama: 2017 Article IV Consultation-Press Release; and Staff Report for Panama
IMF Staff Country Reports, May 4, 2017
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- Panama: 2017 Article IV Consultation-Press Release; and Staff Report for Panama
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Bibliographic details
- Published: May 4, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475597714.002
Macroeconomic performance
- Panama’s economy is described as the fastest growing in Latin America over the past two decades.
- Economic growth moderated to 4.9 percent in 2016 in the face of external headwinds.
- The outlook is characterized as favorable despite heightened external uncertainty.
Price and labor indicators
- Inflation is described as stable and low, but has risen slightly.
- Unemployment is described as subdued, but has risen slightly.
Public finances and debt
- Fiscal consolidation continues in line with fiscal rule targets.
- Public debt is assessed as sustainable.
External sector
- The current account deficit is described as declining.
Financial sector and credit
- The financial sector is characterized as stable.
- Credit growth remains strong, but has begun to slow recently.
Policy themes and subject areas covered
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking and commercial banks
- Crime and financial institutions
- Financial regulation and supervision
- Public debt and revenue administration
- Other referenced topics: authority, Central America, CR, deficit, disaster risk management program, financing, Fondo de Ahorro, Global, IMF staff estimate, ISCR, Medium-term growth prospect, NFPS deficit, Panama energy diagnostic
Content in this bundle
- Country Report