The World Bank in Panama

Panama's growth is projected to be 6.3 percent in 2023. The main challenge is to reduce inequalities that especially affect women, Afro-descendants and Indigenous peoples

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Panama At-A-Glance

Growth is expected to be around 6.3 and 6.5 percent over the next two years, supported by construction, transport and logistics, tourism, and mining. The current account deficit is expected to narrow to 3.4 percent of GDP in 2023 on the back of higher services exports and copper prices and lower fuel prices before reaching 3 percent in the medium term.

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Project

Second Shared Prosperity Development Policy Loan

The project is to strengthening international tax transparency, financial integrity and fiscal management. Furthermore, the loan seeks to improve social programs.

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Carlos Felipe Jaramillo

World Bank Vice President for Latin America and the Caribbean

Michel Kerf

Director for Central America and Dominican Republic

Joelle Dehasse

Operations Manager for Central America and Dominican Republic

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