State-Owned Enterprises in Panama

Panama has a significant and diverse state-owned enterprise (SOE) sector, comprising 16 non-financial enterprises, 5 financial institutions, and the Panama Canal Authority (ACP).
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Volume/Issue: Volume 2025 Issue 124
Publication date: September 2025
ISBN: 9798229025928
$15.00
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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 , Public Finance , Corporate Governance , State-Owned Enterprises , Panama Canal Authority , External audit , Expenditure , Budget planning and preparation , Financial statements , Corporate governance , Privatization , Internal audit , Public enterprises , Public sector , Auditing

Summary

Panama has a significant and diverse state-owned enterprise (SOE) sector, comprising 16 non-financial enterprises, 5 financial institutions, and the Panama Canal Authority (ACP). The ACP operates under a specific legal and budgetary framework that ensures its institutional autonomy, which has been key to its success. The other SOEs operate under a different legal framework and have seen mixed performance. Drawing lessons from the success of the ACP, greater independence in their governance, finances and operations, coupled with increased transparency and more effective oversight, would likely help improve their financial performance as well as the quality of the services they provide.