(AGENPARL) – ven 30 luglio 2021 [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/2021/07/30/Panama-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-463116?cid=em-COM-123-43471)
http://www.imf.org/en/Publications/CR/Issues/2021/07/30/Panama-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-463116?cid=em-COM-123-43471
[Country Report No. 2021/173 : Panama: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama](http://www.imf.org/en/Publications/CR/Issues/2021/07/30/Panama-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-463116?cid=em-COM-123-43471)
JULY 30, 2021
http://www.imf.org/en/Publications/CR/Issues/2021/07/30/Panama-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-463116?cid=em-COM-123-43471
After over two decades of unprecedented economic expansion, Panama’s economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to US$0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs, which the IMF Executive Board approved on April 15, 2020. Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to US$2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks, which was approved by the IMF Executive Board on January 19, 2021.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2021/07/30/Panama-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-463116?cid=em-COM-123-43471)
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