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Panamaa€™s per capita GDP has doubled, driven by a steady rise in public and private investment underpinned by a stable macroeconomic environment and prudent policies. Easy credit and fiscal conditions should continue to support public and private consumption. Further fiscal restraint through better tax administration and expenditure management and enhanced buffers would help cope with adverse spillovers. There is progress in implementing financial sector assessment program (FSAP) recommendations, though there is a need to upgrade financial sector supervision. Improvements in competitiveness and recent education reforms should help sustain growth over the medium term.2012 Article IV Consultation International Monetary Fund. Western Hemisphere Dept. PANAMA. -. STATISTICAL. ISSUES. (As of December 18, 2012) ... Government finance statistics: Further efforts are needed to improve the quality of fiscal data. ... from the IMF Statistics Department (STA) to implement the Government Finance Statistics Manual 2001 (GFSM 2001) and the Fiscal Affairs Department (FAD)anbsp;...

Author:International Monetary Fund. Western Hemisphere Dept.
Publisher:International Monetary Fund - 2013-03-28


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