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AmericasJanuary 24 2023

Panama’s economic minister on the country’s economic challenges

Héctor Alexander, Panama’s minister of economy and finance, discusses the country’s economic outlook and its most pressing issues, such as the crisis in its pension system, with Barbara Pianese.
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Panama’s economic minister on the country’s economic challenges“Improving the education system is key to improving social equality. For this reason, we are increasing resources to the sector.”

Q: What is the economic outlook for Panama?

A: Panama experienced strong growth recently, with favourable macroeconomic conditions. In 2021, the economy expanded by 15.3%, and in the first nine months of 2022 the expansion reached 11%. At the end of 2022 we estimate a growth of at least 9%. In 2022, gross domestic product (GDP) was higher than in 2019.

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Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
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