{
  "title": "Panama: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama",
  "publication": "IMF Staff Country Reports, July 30, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/07/30/panama-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-463116",
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  "summary": "After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic.",
  "sections": [
    {
      "heading": "Main findings and context",
      "content": "- After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic.\n- As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs; the IMF Executive Board approved this on April 15, 2020.\n- Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks; the IMF Executive Board approved this on January 19, 2021."
    },
    {
      "heading": "Policy themes and subject areas covered",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- COVID-19\n- Crime\n- Expenditure\n- Health\n- International organization\n- Monetary policy\n- National accounts\n- Public debt"
    },
    {
      "heading": "Keywords highlighted by the publication",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Caribbean\n- Central America\n- COVID-19\n- financial asset\n- Global\n- headline inflation\n- IMF quota\n- IMF staff calculation\n- Policy advice\n- portfolio examination\n- tax moratorium\n- transparency policy\n\n---\n\n Content in this bundle\n\n- 1panea2021004\n  - 1panea2021004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1panea2021004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 30, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513588148.002",
    "After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic.",
    "As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs; the IMF Executive Board approved this on April 15, 2020.",
    "Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks; the IMF Executive Board approved this on January 19, 2021.",
    "Caribbean",
    "Central America",
    "financial asset",
    "Global",
    "headline inflation",
    "IMF quota",
    "IMF staff calculation",
    "Policy advice",
    "portfolio examination",
    "tax moratorium",
    "transparency policy",
    "**1panea2021004**"
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