Multi-Dimensional Review of Panama : Volume 2: In-depth Analysis and Recommendations

Description

Panama has achieved socio-economic improvements in recent decades thanks to strong economic growth and consequent poverty reduction. Its growth model is characterised by a dual economy in which a small number of activities, including those related to the Canal and Special Economic Zones, have exhibited high productivity growth but limited job creation. Panama should now embark on a new reform agenda to become a sustainable and inclusive high-income country. This report urges greater productivity in sectors that contribute to job formalisation to reduce disparities in income and among regions. As developing these policies requires further resources, taxation system and private sector involvement through public-private partnerships should also be reinforced. Focusing on skills and jobs, regional development and development financing, the volume provides analysis and recommendations on three areas which are key for Panama.  Read more... Strengthening regional development policy to boost inclusive growth -- Acronyms and abbreviations -- Overview: Towards a sustainable and inclusive high-income country -- Improving the taxation system and promoting private sector involvement to support financing for development -- Foreword -- Executive Summary -- Building better skills and creating formal jobs for all Panamanians.