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Multi-dimensional Review of Panama

Volume 2: In-depth Analysis and Recommendations

image of Multi-dimensional Review of Panama

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.

English

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Executive Summary

OECD Development Centre

This second volume of the Multi-dimensional Country Review (MDCR) of Panama builds on the results of the first one, which identified the main constraints to advancing citizens’ well-being and achieving more sustainable and inclusive development. It provides recommendations in three key areas to address these constraints: skills and jobs, territorial development, and financing for development. A third volume will propose a way of prioritising policy interventions and a framework for measuring policy implementation.

English

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