Panama celebrates a positive shift as it exits the FATF gray list, gaining approval from credit rating giants S&P and Fitch. While hailed as a win for the financial system, the analysts emphasize that this triumph won’t alter Panama’s credit ratings. Insights from Joydeep Mukherji and Todd Martinez shed light on the implications, emphasizing the pivotal role fiscal challenges play in shaping the country’s economic trajectory. The removal from the FATF list marks a potential boon for foreign investment and an improved business environment in Panama.

The last Banking Activity Report revealed a few days ago with statistical information until October 2018, shows a small increase in domestic credit compared to October 2017, when comparing the credit portfolio of both Octobers,

The purchase of housing in conjunction with personal loans are the main drivers of the consumer credit in Panamanian Banks, according to a report by the Superintendency.

According to the last report from superintendence, the Panamanian banks maintain an increase in profits. Reduction in external loans, deposit capture, and growth of domestic credit are the drivers of the profits of the International