Panama: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama

International Monetary Fund

No 2025/245, IMF Staff Country Reports from International Monetary Fund

Abstract: Following a strong rebound from the COVID-19 slump, GDP growth slowed from 7.3 percent in 2023 to 2.9 percent in 2024, mainly due to the closure of the Cobre Panamá copper mine. However, spillovers to the rest of the economy appear to have been limited and non-mining GDP growth accelerated. The Panama Canal returned to full capacity in September 2024. Inflation declined sharply from its mid-2022 peak to -0.2 percent year-on-year at end-2024. The 2024 external position is assessed to be broadly in line with fundamentals, and the banking system remains sound, well-capitalized, and liquid.

Keywords: Panamanian authorities; market expectation; government process; Sta TA; accession to Mercosur; unit of account; macroeconomic performance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Public sector; Central America; Global; Caribbean (search for similar items in EconPapers)
Pages: 99
Date: 2025-08-25
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