February 14, 2023
At the request of the Superintendency of Banks of Panama (SBP), IMF’s Monetary and Capital Markets Department (MCM) provided two technical assistance (TA) missions in 2021 on macroprudential policy. This TA report is about the first mission, which evaluated the overall macroprudential policy framework in Panama, covering (1) the institutional arrangements; (2) the framework to assess systemic risks to prepare for policy actions; and (3) the policy toolkit. The assessment was conducted based on the IMF guidance (IMF, 2014), taking into account the country-specific circumstances in Panama. The TA report summarizes the mission’s findings and recommendations that were discussed with the authorities.
1PANEA2023001