Panama's finance chief, Felipe Chapman, is working towards achieving an economic soft landing in order to uphold the country's investment grade credit rating.
Chapman is faced with various challenges, including addressing debts from the previous administration and compensating for revenue losses resulting from the closure of a significant copper mine.
The minister's objective is to decrease the budget deficit to 4% of GDP by 2025 and further reduce it to 2% by the end of President Jose Raul Mulino's term in 2029. This strategic approach is crucial for maintaining investor confidence and ensuring fiscal stability in Panama.