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S&P Raises Panama Outlook to Positive

May 4, 2007

S&P also hiked its outlook on Panama's BB rating to positive from stable. This reflects "the likelihood of an upgrade if recent improvements...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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