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Future is bright for Panama, says Monetary Fund

Thursday, April 12, 2012

The International Monetary Fund has published its Article IV report in respect of Panama, noting that the country has exited the global downturn robustly, with a well-capitalized banking system, but efforts should continue to build upon the tax revenue base to reverse poor revenue performance witnessed last year.

The Fund has reported that Panama has rebounded strongly from the 2009 slowdown.

Public debt has fallen as a result of rapid growth and prudent fiscal policy. However, last year capital.


Source: Tax-News