European Parliament Library

Panama :, Staff Report for the 2011 Article IV Consultation

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
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS; BOXES; 1. The U.S.-Panama Free-Trade Agreement; MACROECONOMIC OUTLOOK AND RISKS; 2. Overheating Indicators, 2008-11; 3. Panama's FSAP: Main Findings and Reform Priorities; POLICY DISCUSSIONS; A. Near-Term Policies; 4. Liquidity Provision Facilities in El Salvador and Panama; B. Measures to Strengthen the Fiscal Framework; 5. Panama's Sovereign Wealth Fund: A Fiscal Perspective; C. Building a World-Class Financial Center; D. Boosting Competitiveness and Sustaining Growth; STAFF APPRAISAL; FIGURES; 1 Real Sector Developments; 2 Fiscal Developments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
Form Of Item

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