Inflation threatens economy of Panama

A third of the inflation in Panama is due to the growth beyond its capacity that the country is experiencing

Friday, August 29, 2008

This opinion by Marcos Fernandez from the Indesa Holding Corp. consulting firm is reinforced by a report released yesterday by the IMF in which the international organization reveals that inflation is the main problem facing the Panamanian economy. The entity recommended that the Government cut spending in order to have a greater fiscal surplus than expected.
In the region, Nicaragua heads the list of indebted countries, followed by Honduras and Panama, with 8% and a tendency to rise.

More on this topic

El Salvador: Inflation Closes at 2.13% in 2010

January 2011

The country ended 2010 with inflation at 2.13%, the lowest in Central America.

Within the region, El Salvador is the country with lower inflation, a trend that has continued since 2001, year in which the economy was dollarized.

"Given the trend of increases in international prices, El Salvador did not meet the goal contemplated by the International Monetary Fund (IMF) which was to have an inflation of 1.5% in 2010,” adds the article in Laprensagrafica.com.

El Salvador Not Meeting IMF Inflation Target

November 2010

Accumulated inflation from January to October was 1.8%, already exceeding the annual target given to the IMF.

The country seems unlikely to meet this year´s 1.5% inflation goal committed to the International Monetary Fund (IMF).

"The high prices of some basic consumer goods such as beans, corn, vegetables and oil products in contrast with the slight inflation increase the government recorded in the first ten months of 2010," states the article in Elsalvador.com.

Costa Rica's June inflation rises to 6.55%

July 2008

The rise in food and fuel prices on international markets continues to spur inflationary expectations in Costa Rica. These concerns were first expressed by the Central Bank early in the year.

In June, the annual rate of inflation stood at 6.55 percent.
Not everyone is prepared to blame oil and food prices as the main culprit in the latest round of inflation.

Panama Negotiates Loan with the IMF

August 2009

The government is trying to arrange a $1 billion loan to face possible economic difficulties.

Such funds would be used as "loans of last resort", in the face of economic adversity.

Alberto Vallarino, Economy and Finance Minister told Prensa.com: "... it is a necessity that has arisen after the results of the competitiveness study of our financial center.

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