Panama's President Mireya Moscoso said on Wednesday that the Government would not raise sales taxes or sell off key public assets. It had been suggested that the IMF had requested such moves as part of a package of conditions tied to a resumption of its lending program.
An IMF team left Panama in mid-April without making any public statements, but in its regular annual commentary on Panama in February the Fund had called for more sell-offs or privatisations to pay for the Government's social development programme.
The IMF's existing support program was suspended in 1998 due to 'fiscal indiscipline' on the part of the previous Government.
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