According to the entity, the international organization has significantly raised its forecast for the Panamanian economy. In October 2024, the IMF estimated a growth of 3% by 2025; now, it has increased this projection to 4%. The Ministry of Economy and Finance (MEF) reported this Saturday, April 26, through its social networks, that the International Monetary Fund (IMF) has granted Panama the largest positive review of economic growth in the entire Latin American region.

According to the entity, the international organization has significantly raised its forecast for the Panamanian economy. In October 2024, the IMF estimated a growth of 3% by 2025; now, it has increased this projection to 4%.

While most Latin American countries face cuts in their projections, Panama consolidates its position as one of the most dynamic economies, far exceeding the regional average of 2%,” the MEF detailed in its “X” account.

According to the data presented, Argentina is positioned as the fastest growing economy expected for 2025 in Latin America with 5.5%, followed by Guatemala with 4.1% and Panama with 4%. These three countries make up a small group for which the IMF has positively revised its predictions for 2025 in its April update, compared to its original October projections.

In contrast, most countries in the region have suffered cuts in their growth projections. Despite these negative reviews, several of these countries, such as the Dominican Republic, Costa Rica, Honduras and Nicaragua, are still expected to grow above the regional average of 2%.

What is the International Monetary Fund?

Since its creation in 1944, the International Monetary Fund (IMF) has been one of the most influential institutions on the world economic scene. The IMF is an international organization made up of 190 countries.

Its main objective is to promote global economic stability, facilitate international trade, promote employment and sustainable economic growth, and reduce poverty in the world. To achieve this, the Fund acts primarily on three fronts: economic oversight, financial assistance and technical training.