02087cas a2200301 a 4500 AALejournalIMF021911 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513588148 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Panama : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (82 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students After over two decades of unprecedented economic expansion, Panama's economy contracted sharply in 2020 amidst challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid Financing Instrument (RFI) for 100 percent of quota equivalent to USD 0.5 billion (SDR 0.4 billion) to address immediate balance of payments needs, which the IMF Executive Board approved on April 15, 2020. Subsequently, uncertainties magnified, and Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent to USD 2.7 billion (SDR 1.9 billion), as insurance against extreme external shocks, which was approved by the IMF Executive Board on January 19, 2021. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Panama imf IMF Staff Country Reports; Country Report ; No. 2021/173 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/173/002.2021.issue-173-en.xml IMF e-Library