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Law > Business and Financial

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Cover IMF Staff Country Reports
Panama: Staff Report for the 2011 Article IV Consultation
International Monetary Fund
The 2011 Article IV Consultation reports that Panama’s economy has rebounded strongly from the 2009 slowdown, and is one of the fastest-growing in the region. Rapid growth and prudent fiscal policy have lowered public debt to less than 40 percent of GDP, and rating agencies have placed Panama’s sovereign debt one notch above investment grade. The neutral fiscal stance envisaged for 2012–13 is broadly appropriate, though a tighter stance would have been preferable to rebuild buffers and contain inflation.
Keywords:
ISCR; CR; FDI; largely not observed; Panama's investment performance; Panama Canal expansion; double-taxation agreements; youth unemployment; IMF staff estimate; Public sector; Public investment spending; Liquidity; Fiscal stance; Global; Central America; South America; South Asia; Caribbean