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2011/05/18
Panama: Latin America's FDI Leader

Panama has replaced Chile as Latin America s leading recipient of foreign direct invest ...

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2010/09/07
Latest sales update on the Trump Ocean Club

Yesterday TOCLUB released its 2Q10 results and will hold a conference call thi ...

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news & articles
 
 

IMF now happy with Panama finances

The International Monetary Fund is apparently happy with the new tax reforms and public pending according to the machine translated article from La Prensa.

riting in La Prensa
economia@prensa.com

Achievements like the consolidation of public finances and a strong banking system were highlighted by the Executive Board of the International Monetary Fund IMF at its meeting in July, the behavior of the Panamanian economy and the Ministry of Economy and Finance MEF .

In regard to tax reform, which came into effect in July, executives of the IMF acknowledged that the goal is to raise revenue to finance more capital spending, while improving the efficiency of the tax system.

The IMF believes that the banking system remains a strong base, aided by effective supervision and a cautious attitude of banks. "Financial indicators are solid banks with high capitalization and low default rates," he said.

The agency endorsed the credit rating was Panama in early 2010, said a statement from MEF.

 
  Last news
 
 
  2011/05/18   Panama: Latin America's FDI Leader
  2010/09/07   Latest sales update on the Trump Ocean Club
  2010/09/07   Is Panama experiencing a Comm. Property bubble
  2010/08/11   Panama banking after 40 years holds $64 billion
  2010/08/11   IMF now happy with Panama finances
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