Panama gets “must do” list to consolidate development

The Inter-American Development Bank (IDB) has presented Panama’s Finance Ministry   with  a “must do” action list to consolidate the country’s development.

A report  presented to the technical team of Investment Programming and Public Policies of the Ministry of Economy and Finance (MEF) says  that the country must optimize competitiveness, diversify the economy, strengthen the education system and the skills of the workforce, improve institutional quality and achieve a balanced territorial development if it wants to remain a high-income country.

 “The analysis carried out by the IDB serves as the basis for designing the route that will allow the

country to sustain the dynamism of its economy, achieve greater modernization of the productive

apparatus and incorporate citizens and territories that have lagged behind,” said the MEF.

Based on the challenges identified in the study, MEF technicians will be able to propose policy measures in sectors such as work, welfare, water and sanitation, competitiveness, education, logistics and transport, tourism, energy, science and technology, health and administration of justice.

“For the IDB, Panama has important assets such as the logistics conglomerate, financial strength and macroeconomic stability that gives investors confidence, as well as security, strategic connectivity and the cosmopolitan aspect that Panama City has acquired,  ”said the MEF.