Panama: 2016 article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama

International Monetary Fund

No 2016/337, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2016 Article IV Consultation highlights Panama’s expected continued growth—among the strongest in Latin America—against a backdrop of low inflation, a stable financial system, and a declining current account deficit. GDP grew by 5.8 percent in 2015, and growth is projected to remain at about 6 percent in 2016 and over the medium term. The economy will be supported by the expected opening of the expanded canal and lower fuel prices. The overall fiscal deficit is expected to consolidate to 1.2 percent of GDP over the medium term. Public debt is projected as sustainable.

Keywords: ISCR; CR; deficit; Panama; authority; banking system; disaster risk management program; finance minister; removal from the FATF list of country; superintendent of bank; customs authority; Panama energy diagnostic; Panamanian authorities; FATF assessment; government finance statistics yearbook; canal revenue; Panama's superintendent; safeguards ASSESSMENT policy; Fondo de Ahorro de Panama; Anti-money laundering and combating the financing of terrorism (AML/CFT); Commercial banks; Fiscal stance; Global; Caribbean; Central America (search for similar items in EconPapers)
Pages: 69
Date: 2016-11-02
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