Panama: Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

IMF Staff Country Reports, February 3, 2021

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Canonical URL: Panama: Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Publication type: IMF Staff Country Reports
Date: February 3, 2021
Summary: While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based economy that is highly integrated in the world economy and exposed to extreme shocks during the pandemic.
Subjects: COVID-19, Credit, Debt service, External debt, Health, Money, Public debt
Keywords: address COVID-19 pandemic, Caribbean, Central America, COVID-19, CR, Credit, Debt service, economic recovery effort, Executive Board discussion, Global, ISCR, liquidity position, market confidence, Panama's quota, Panama's request, PFM system, Western Hemisphere

Panama's historical performance: growing 6 percent on average over the last three decades.
Pandemic impact: Panama's service-based and highly internationally integrated economy is exposed to extreme shocks during the COVID-19 pandemic.
Liquidity and market considerations referenced: liquidity position, market confidence (keywords indicate focus areas).