Public Management in Panama

President Torrijos of Panama pointed to the strengthening of the country as one of the main economies of the region, with the proper management of the country's finances as the main tool.

Monday, January 5, 2009

In a press release published on the website of the Presidency, the main points of the interview granted to RPC Radio by Torrijos were outlined.

Panama has an excellent economy and a promising future, said Torrijos, pointing out that since the start of his administration and up to the close of 2008, they have managed to significantly reduce the unemployment rate and have attracted important investments and transnational companies.

This year they have also reinforced security, health, and education, just as they have since the beginning of their government, and have tried to resolve a part of the main problems affecting the country as demanded by the citizens.

"Four years ago we had a terrible unemployment situation, public finances that were really bad for the country and which did not help the community in generating resources," said Torrijos.

He indicated that, thanks to the efforts of successful foreign policy, they have managed to increase investor confidence in Panama, which at the same time represents new jobs and the growth of...



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IMF on Costa Rica: "Unsustainable Fiscal Imbalance"

December 2016

The favorable conditions in the global economy allowed the country to grow by 4.25% in 2016, and administrative efforts to reduce the fiscal deficit were noted, however they will not prevent the debt /GDP ratio from growing.

From a press release by the IMF:

  • Costa Rica’s economy growing robustly, GDP expected to growth by 4.25% in 2016
  • More needs to be done to stabilize public debt levels
  • Key for government and Congress to reach consensus on VAT and income tax reforms proposals to help address fiscal imbalances

El Salvador: New Warning from Fitch Ratings

March 2015

According to the ratings agency the political polarization that characterizes the Legislature which will take office on May 1 could hamper the implementation of the fiscal reforms that the country needs.

From an article by Fitch Ratings:

El Salvador's New Legislature May Yield Fiscal Restraint

FMI: Central America Outlook

October 2010

Slow recovery tied to a lagging U.S. economy, 3% growth in 2010 due to increased domestic consumption and rising remittances and international trade.

The countries in Central America are recovering gradually, led by a rebound indomestic demand (following its sharpcontraction in 2009), which has partly spilled over into imports.

Fiscal situation worsens in El Salvador

January 2009

The IMF report recommends maintaining fiscal austerity and greater supervision of the financial sector.

Elsalvador.com reports that "the fiscal situation in El Salvador had improved in 2007, but it got worse in 2008 mainly as a consequence of the rise in fuel prices which impacted the public purse because of the subsidies, the IMF explained in results called "Chapter IV Consultations" from November 12, 2008.

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