European Parliament Library

Panama :, 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Panama

Strong economic fundamentals helped Panama contain the adverse impact of the global economic downturn and financial turmoil. The 2009 Article IV Consultation highlights that real GDP of Panama in 2008 grew by 9.2 percent. Panama’s large banking system has weathered the global financial crisis relatively well. Executive Directors have noted that Panama is facing the global economic crisis from a position of strength. Directors have also commended the authorities for the fiscal consolidation of recent years and the associated rapid decline in the public debt-to-GDP ratio
Table Of Contents
Contents; I. Background and Near term Outlook; II. Policy Discussions; A. Outlook and Risks; B. Scope for Counter-cyclical Fiscal Policy; C. Financial System Risks; D. External Competitiveness; III. Staff Appraisal; Tables; 1. Selected Economic Indicators; 2. Summary Operations of the Nonfinancial Public Sector; 3. Summary Operations of the Central Government; 4. Monetary Accounts; 5. Commercial Bank Performance Indicators; 6. Balance of Payments; 7. Gross External Debt Flows of the Nonfinancial Public Sector; 8. Debt of the Nonfinancial Public Sector
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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