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Panama Makes Investment Grade

Mar 24, 2010

Fitch has upgraded Panama’s rating to BBB minus from BB+, placing it among the region’s growing number of investment grade credits. Fitch cites improved public finances and the economy’s resilience to the global financial crisis. “On all indicators – human development index, GDP per capita, average growth of GDP, foreign direct investment – we are comparable...

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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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