Panama: Selected Issues and Statistical Appendix

International Monetary Fund

No 2006/026, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Panama explores the current situation and trends of the Caja del Seguro Social (CSS) in Panama. The autonomy is embedded in its Organic Law, which also provides the agency with the right to have separate funds from the central government. The slowdown in economic activity and employment has led to a decline in the coverage of the social security system. The Panamanian pension levels are generous, despite the lack of indexation, even by the high standard of advanced European countries, and among the highest in Latin America.

Keywords: ISCR; CR; bank; liquidity; organic law; CSS organic law; CSS imbalance; CSS worker; CSS program; government proposal; Banco Interoceanico de Panamá; Commercial banks; Lender of last resort; Deposit insurance; Pensions; Foreign banks; South America; Global (search for similar items in EconPapers)
Pages: 94
Date: 2006-01-26
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Citations: View citations in EconPapers (2)

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