Panama: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2006/007, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation for Panama reports that the medium-term outlook is encouraging, assuming implementation of the authorities’ fiscal program, which should put the public debt ratio on a steadily declining path. The banking system experienced a substantial recovery in 2003–04, and the financial system remains essentially sound, with favorable performance indicators and a strong regulatory framework. An expansion of the Panama Canal at an estimated cost of more than 30 percent of GDP could, if approved in a national referendum, have a far-reaching impact on the economy’s growth prospects.

Keywords: ISCR; CR; staff report estimate; staff appraisal; deficit; estimate; staff's estimate; nonfinancial public sector deficit; Panamanian authorities; investment environment; Public sector; Commercial banks; PFM legal and regulatory frameworks; Global; Central America; South America; Africa; Caribbean (search for similar items in EconPapers)
Pages: 70
Date: 2006-01-06
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