Central America Social Expenditures and Institutional Review : Panama
Panama has experienced impressive and significant economic growth, emerging as one of the better performers in Central America in recent years and one of the fastest growing economies worldwide. From 2003 to 2013, Panama has averaged an annual GDP...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2015/12/25725190/panama-central-america-social-expenditures-institutional-review http://hdl.handle.net/10986/23607 |
| Summary: | Panama has experienced impressive and
significant economic growth, emerging as one of the better
performers in Central America in recent years and one of the
fastest growing economies worldwide. From 2003 to 2013,
Panama has averaged an annual GDP growth rate of
approximately 7 percent, surpassing the average GDP growth
in Central America. It has also emerged as one of the
fastest growing economies worldwide. Even during the
economic crisis of 2008-2009, its economy continued to grow
albeit at a lower rate. This note recommends that Panama
prioritize three main aspects: a) improving the
effectiveness of social public spending by further enhancing
the pro-poor and pro-indigenous features of targeting
mechanisms; b) reducing inefficiencies in the various
sectors, for example, by improving the coordination between
the Ministries of Education, Health, Social Development, and
CSS to minimize duplication of efforts and resources; and c)
strengthening planning, budgeting, and information tools and
systems, legislation, and institutions to support
implementation and track progress toward Government goals. |
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