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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455208639
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Bank financial soundness indicators are solid, with high levels of capitalization and low nonperforming loan rates. Among other measures, they include broadening of the tax base, changes to dividend taxation, an increase in the value-added tax, lower personal and corporate income tax rates, and elimination of loopholes. They welcomed the adoption of a medium-term fiscal framework and the government’s ambitious plans for fiscal consolidation over the medium term. The resilience of the banking system to the global financial crisis was welcomed.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455208639
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Bank financial soundness indicators are solid, with high levels of capitalization and low nonperforming loan rates. Among other measures, they include broadening of the tax base, changes to dividend taxation, an increase in the value-added tax, lower personal and corporate income tax rates, and elimination of loopholes. They welcomed the adoption of a medium-term fiscal framework and the government’s ambitious plans for fiscal consolidation over the medium term. The resilience of the banking system to the global financial crisis was welcomed.
Author:
Publisher: DIANE Publishing
ISBN: 1437981658
Category :
Languages : en
Pages : 30
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Book Description
Author: Noel Maurer
Publisher: Princeton University Press
ISBN: 140083628X
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
An incisive economic and political history of the Panama Canal On August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage. The Canal's creation is often seen as an example of U.S. triumphalism, but Noel Maurer and Carlos Yu reveal a more complex story. Examining the Canal's influence on Panama, the United States, and the world, The Big Ditch deftly chronicles the economic and political history of the Canal, from Spain's earliest proposals in 1529 through the final handover of the Canal to Panama on December 31, 1999, to the present day. The authors show that the Canal produced great economic dividends for the first quarter-century following its opening, despite massive cost overruns and delays. Relying on geographical advantage and military might, the United States captured most of these benefits. By the 1970s, however, when the Carter administration negotiated the eventual turnover of the Canal back to Panama, the strategic and economic value of the Canal had disappeared. And yet, contrary to skeptics who believed it was impossible for a fledgling nation plagued by corruption to manage the Canal, when the Panamanians finally had control, they switched the Canal from a public utility to a for-profit corporation, ultimately running it better than their northern patrons. A remarkable tale, The Big Ditch offers vital lessons about the impact of large-scale infrastructure projects, American overseas interventions on institutional development, and the ability of governments to run companies effectively.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1513541676
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
This Selected Issues paper focuses on background, challenges, and policy options in Panama. Panama stands at a crossroad between taking the leap to become an advanced economy or getting stuck in the middle-income trap. The beginning of a new administration provides a window of opportunity to initiate and implement ambitious reforms. This note takes stock of fiscal issues in Panama and proposes policy options. The new administration’s fiscal agenda should feature a comprehensive reform of tax and customs administrations, a review of tax incentives and exemptions and consider steps toward a broader tax policy reform. Efforts to further strengthen the fiscal framework with the appointment of the members of the Fiscal Council should continue going forward. Panama should adopt best practice fiscal accounting and reporting methods. A comprehensive assessment and management of fiscal risks is necessary to create buffers and safeguard public finances given fiscal policy’s exclusive stabilization role.
Author: OECD
Publisher: OECD Publishing
ISBN: 926423344X
Category :
Languages : en
Pages : 124
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Book Description
This report reviews the experience of Panama in designing and implementing innovation policy. It presents an overview of economic and innovation indicators in the country in a comparative perspective with other economies in Latin America, and beyond and it analyses the design and implementation.
Author: Ms.Kimberly Beaton
Publisher: International Monetary Fund
ISBN: 1484307860
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
This paper estimates medium-term potential growth for a country undergoing significant structural and secular changes. Our forward-looking framework, incorporating three analytical approaches for examining economic prospects, constitutes an important complement to typical backward-looking methods that filter or extrapolate historical data. In particular, the opening of the expanded Panama Canal in 2016 highlights significant structural changes underway in the Panamanian economy. We first analyze growth determinants and find that Panama is well-placed to maintain its business model, with improvements in education and governance important to support growth. Second, the current pipeline of investment projects can help sustain investment-led growth, although at a more moderate pace. Third, further development of the logistics and tourism sectors holds promise to further build on Panama’s comparative advantage.
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Author: Ronald H. Bayor
Publisher: Bloomsbury Publishing USA
ISBN: 0313357870
Category : Social Science
Languages : en
Pages : 2389
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Book Description
This encyclopedia contains 50 thorough profiles of the most numerically significant immigrant groups now making their homes in the United States, telling the story of our newest immigrants and introducing them to their fellow Americans. One of the main reasons the United States has evolved so quickly and radically in the last 100 years is the large number of ethnically diverse immigrants that have become part of its population. People from every area of the world have come to America in an effort to realize their dreams of more opportunity and better lives, either for themselves or for their children. This book provides a fascinating picture of the lives of immigrants from 50 countries who have contributed substantially to the diversity of the United States, exploring all aspects of the immigrants' lives in the old world as well as the new. Each essay explains why these people have come to the United States, how they have adjusted to and integrated into American society, and what portends for their future. Accounts of the experiences of the second generation and the effects of relations between the United States and the sending country round out these unusually rich and demographically detailed portraits.
Author: Sarah Woods
Publisher: Bloomsbury Publishing
ISBN: 1472912152
Category : Travel
Languages : en
Pages : 281
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Book Description
This book tells the incredible story of one woman's adventure into the heart of the rainforest. As a young child, Sarah Woods imagined going on epic voyages to exotic, illusory lands filled with bizarre creatures, intoxicating rhythms, vibrant colours and other-worldly forests. As soon as she was old enough she packed a bag and set off to see the world for real, leaving friends and family behind to fulfil her childhood dreams. To journey solo through Central and South America was perhaps the ultimate challenge. Leaving the tourist traps behind, Sarah ventured into the wilderness, experiencing disease-ridden swamps, shark-infested waters and dense tracts of primary rainforest that are home to jaguars, anacondas and tusk-gnashing peccaries. One animal, though, is truly emblematic of these forests – the awe-inspiring harpy eagle. But to see it you have to be prepared for serious hardship... Facing gruelling, energy-sapping jungle conditions and constant challenges that saw her question the deepest and most intimate aspects of her life, Sarah's intrepid travels on the trail of iconic wildlife took her through some of the toughest terrain imaginable, and led to encounters with extraordinary indigenous people of the forest, with whom she experienced kindnesses and cultures beyond her wildest dreams.
Author: Miriam Butterman
Publisher: Avalon Travel
ISBN: 9781598805239
Category : Travel
Languages : en
Pages : 368
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Book Description
Miriam Butterman moved from New York to Panama eight years ago and hasn’t returned since. Working as a freelance writer, editor, and English teacher, Miriam has settled into a new life in Panama, moving beyond the "international hire" category. She has also worked in the hospitality industry, which has provided her with even deeper insight into the resources available to Panama newcomers. Here, Miriam shares her firsthand advice, helping to make the move and transition process easy for all who follow in her footsteps. This relocation guide also includes practical advice on how to rent or buy a home for a variety of needs and budgets. With extensive color and black-and-white photos, illustrations, and maps, Moon Living Abroad in Panama helps those moving to find their bearings as they settle into new homes and lives abroad.
Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513588141
Category : Business & Economics
Languages : en
Pages : 82
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Book Description
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.
