LEADER 04407oam 22011534 450 001 9910151745203321 005 20230808200312.0 010 $a1-4755-5090-1 010 $a1-4755-5096-0 035 $a(CKB)3710000000952154 035 $a(MiAaPQ)EBC4745282 035 $a(IMF)1PANEA2016002 035 $a(EXLCZ)993710000000952154 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aPanama : $eSelected Issues 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (62 pages) $cillustrations 225 1 $aIMF Staff Country Reports 311 $a1-4755-5086-3 320 $aIncludes bibliographical references. 330 3 $aThis Selected Issues paper assesses the effectiveness of Panama's fiscal framework. The fiscal framework of Panama has played an important role in enhancing fiscal discipline since its establishment in 2009. Since the current fiscal framework went into effect in 2009, the primary balance and debt-to-GDP ratio of the nonfinancial public sector have improved significantly on average compared with those in 2000?08. The fiscal impulse given the output gap also shows that fiscal policy was less procyclical in 2009?15 than in 2001?08. However, there are options to better align the framework with best practice, including reducing unintended procyclicality, increasing transparency, and improving accountability. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2016/338 606 $aFiscal policy$zPanama 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aPoverty and Homelessness$2imf 606 $aFiscal Policy$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aWelfare, Well-Being, and Poverty: General$2imf 606 $aPortfolio Choice$2imf 606 $aInvestment Decisions$2imf 606 $aBanking$2imf 606 $aFinancial services law & regulation$2imf 606 $aFinance$2imf 606 $aPoverty & precarity$2imf 606 $aOffshore financial centers$2imf 606 $aLiquidity requirements$2imf 606 $aFiscal governance$2imf 606 $aPoverty$2imf 606 $aFinancial services$2imf 606 $aFinancial regulation and supervision$2imf 606 $aFiscal policy$2imf 606 $aLiquidity$2imf 606 $aAsset and liability management$2imf 606 $aBanks and banking$2imf 606 $aInternational finance$2imf 606 $aState supervision$2imf 607 $aPanama Canal (Panama)$xDesign and construction 607 $aPanama$2imf 615 0$aFiscal policy 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aPoverty and Homelessness 615 7$aFiscal Policy 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aInternational Lending and Debt Problems 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aWelfare, Well-Being, and Poverty: General 615 7$aPortfolio Choice 615 7$aInvestment Decisions 615 7$aBanking 615 7$aFinancial services law & regulation 615 7$aFinance 615 7$aPoverty & precarity 615 7$aOffshore financial centers 615 7$aLiquidity requirements 615 7$aFiscal governance 615 7$aPoverty 615 7$aFinancial services 615 7$aFinancial regulation and supervision 615 7$aFiscal policy 615 7$aLiquidity 615 7$aAsset and liability management 615 7$aBanks and banking 615 7$aInternational finance 615 7$aState supervision 676 $a627.137097287 801 0$bDcWaIMF 906 $aBOOK 912 $a9910151745203321 996 $aPanama$91187121 997 $aUNINA