Panama:Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama

Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama
Volume/Issue: Volume 2021 Issue 030
Publication date: February 2021
ISBN: 9781513568317
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Topics covered in this book

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Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , Executive Board discussion , Panama's request , market confidence , Panama's quota , PFM system , liquidity position , address COVID-19 pandemic , economic recovery effort , COVID-19 , Credit , Debt service , Global , Caribbean , Western Hemisphere , Central America

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Summary

While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based economy that is highly integrated in the world economy and exposed to extreme shocks during the pandemic.

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