Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

April 21, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Staff Report was prepared by a staff team of the IMF for the Executive Board’s consideration on March 24, 2020. The staff report reflects discussions with the Panamanian authorities during February 4–17, 2020 and is based on the information available as of February 21, 2020. It focuses on Panama’s near and medium-term challenges and policy priorities and was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. It, therefore, does not reflect the implications of these developments and related policy priorities. The outbreak has greatly amplified uncertainty and downside risks around the outlook. Staff is closely monitoring the situation and will continue to work on assessing its impact and the related policy response in Panama and globally.

Series:

Country Report No. 20/124