Panama: Selected Issues

International Monetary Fund

No 2017/106, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper assesses Panama’s business model founded on its ability to attract international financial, business, and transportation services. Panama has had exceptional growth over recent decades. A growth diagnostic exercise suggests that Panama is well placed to maintain this business model. Higher-quality education, stronger governance, and less bureaucracy will further strengthen Panama’s comparative advantage. Additional analysis suggests that investment will continue to support growth, while the logistics and tourism sectors promise to build further on Panama’s comparative advantage.

Keywords: ISCR; CR; bank; asset; export; foreign direct investment; Colombia; growth fluctuation; Tocumen airport; tourism sector; business cycle; trade linkage; GDP growth; growth model; energy infrastructure; Systemic risk; Macroprudential policy; Tourism; Macroprudential policy instruments; Systemic risk assessment; Global; Central America; South America; Caribbean (search for similar items in EconPapers)
Pages: 69
Date: 2017-05-04
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