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Record Nr. |
UNINA9910151745203321 |
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Titolo |
Panama : : Selected Issues |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-5090-1 |
1-4755-5096-0 |
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Descrizione fisica |
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1 online resource (62 pages) : illustrations |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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Fiscal policy - Panama |
Banks and Banking |
Finance: General |
Macroeconomics |
Public Finance |
Poverty and Homelessness |
Fiscal Policy |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
International Lending and Debt Problems |
Financial Institutions and Services: Government Policy and Regulation |
Welfare, Well-Being, and Poverty: General |
Portfolio Choice |
Investment Decisions |
Banking |
Financial services law & regulation |
Finance |
Poverty & precarity |
Offshore financial centers |
Liquidity requirements |
Fiscal governance |
Poverty |
Financial services |
Financial regulation and supervision |
Fiscal policy |
Liquidity |
Asset and liability management |
Banks and banking |
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International finance |
State supervision |
Panama Canal (Panama) Design and construction |
Panama |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This Selected Issues paper assesses the effectiveness of Panama's fiscal framework. The fiscal framework of Panama has played an important role in enhancing fiscal discipline since its establishment in 2009. Since the current fiscal framework went into effect in 2009, the primary balance and debt-to-GDP ratio of the nonfinancial public sector have improved significantly on average compared with those in 2000–08. The fiscal impulse given the output gap also shows that fiscal policy was less procyclical in 2009–15 than in 2001–08. However, there are options to better align the framework with best practice, including reducing unintended procyclicality, increasing transparency, and improving accountability. |
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