Panama:2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama

Author: International Monetary Fund. Western Hemisphere Dept.

Panama: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama

Volume/Issue: Volume 2023 Issue 122

Publication date: March 2023

ISBN: 9798400237942

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , food price subsidy , inflation expectation , IMF staff calculation , superintendency of bank , growth-interest differential , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Public sector , Credit , Global , Central America

Also of interest

Peru

Grenada

Nepal

Peru

Summary

Panama was hit hard by the covid-19 pandemic, but the recovery has been strong. GDP expanded by 15.3 percent in 2021 and a projected 9 percent in 2022. Inflation is low compared with other countries, in part the result of temporary subsidies on fuel and food. The fiscal deficit declined from 10½ percent of GDP in 2020 to 4 percent of GDP in 2022 and central government gross debt is estimated at 60 percent of GDP at end-2022. Banks are, on average, well capitalized and liquid. As insurance against external shocks, the IMF Executive Board approved a two-year Precautionary and Liquidity Line (PLL) arrangement for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.884 billion), on January 19, 2021.