Panama’s economic recovery strong, but growth to slow in 2023, IMF says

(Reuters) – Panama’s economic recovery has been “very strong,” but the outlook remains uncertain as growth is projected to slow to 5% this year, the International Monetary Fund (IMF) said Friday.

Panama faces risks of new external shocks as well as vulnerabilities from its inclusion on the Financial Action Task Force grey list and potential disruptions to mining after delays reaching a renewed agreement with Minera Panama, the IMF said.

Canadian miner First Quantum (NASDAQ:) owns a 90% interest in the Cobre Panama mine throug its unit Minera Panama.

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