(AGENPARL) - Roma, 22 Agosto 2022 - (AGENPARL) – lun 22 agosto 2022 [IMF Country Reports](http://www.imf.org/external/pubs/cat/scr1_sp.aspx?s_year=1997&e_year=2012&brtype=default)
[Open in your browser](http://www.imf.org/en/Publications/CR/Issues/2022/08/19/Panama-Second-Review-Under-the-Arrangement-Under-the-Precautionary-and-Liquidity-Line-Press-522489?cid=em-COM-123-45279)
http://www.imf.org/en/Publications/CR/Issues/2022/08/19/Panama-Second-Review-Under-the-Arrangement-Under-the-Precautionary-and-Liquidity-Line-Press-522489?cid=em-COM-123-45279
[Country Report No. 2022/276 : Panama: Second Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Panama](http://www.imf.org/en/Publications/CR/Issues/2022/08/19/Panama-Second-Review-Under-the-Arrangement-Under-the-Precautionary-and-Liquidity-Line-Press-522489?cid=em-COM-123-45279)
AUGUST 22, 2022
http://www.imf.org/en/Publications/CR/Issues/2022/08/19/Panama-Second-Review-Under-the-Arrangement-Under-the-Precautionary-and-Liquidity-Line-Press-522489?cid=em-COM-123-45279
Despite continuing challenges from the COVID-19 pandemic and new risks emanating from global uncertainties, a combination of sound policy measures and a resolute vaccination program have supported a gradual return to normality and underpin a rebound in economic activities. External imbalances remain contained, and fiscal consolidation is underway as the authorities are adhering to the fiscal rule, which ensures a declining path for the public debt to GDP ratio. While the outlook is favorable, it remains subject to elevated risks, including global uncertainties arising from the war in Ukraine, faster-than-expected US monetary tightening, tighter global financial conditions, higher crude oil prices, and new variants of the COVID-19 virus that may derail the recovery. Domestic risks include significant delays in implementing the FATF action plan to exit the grey list.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2022/08/19/Panama-Second-Review-Under-the-Arrangement-Under-the-Precautionary-and-Liquidity-Line-Press-522489?cid=em-COM-123-45279)
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