Panama’s economy shows robust macroeconomic performance and growth situation, he praised on Tuesday the International Monetary Fund (IMF), however, asked the country to improve the quality of its statistics.
Panama, which closed 2014 with growth of 6.2%, should end 2015 with an estimated 6.1% advance and a forecast of about 6.4% next year.
In its report at the end of the mission to Panama sheltered Article IV of the IMF technicians bank noted that the country displays “a robust macroeconomic performance and a solid and sustained economic growth.”
The Panamanian banking system, said the mission “remains stable, well capitalized and highly liquid.”
However, the IMF “urged the authorities to improve the quality and coverage of the statistics, which will help close gaps in information that are relevant to drive strong macroeconomic policies and risk assessment”.
Furthermore, when analyzing the prospects for next year, the IMF experts noted that “the fall in oil prices and the recovery of the US economy will be positive forces that will be counterbalanced by the appreciation of the dollar and some delays in new public investment “.
In the view of the IMF, also improvements are needed in productivity and human capital. “This will require efforts to improve the quality of public education and health care, improve skills, promote employment among young people and women,” he said.
Ernesto Chong de León, Ernesto Emilio Chong Coronado
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