Synonyms of 'panacea'
cure-allDictionary, elixir, nostrum
Western aid will not be a panacea for the country's problems.
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A cure-all is something that is believed, usually wrongly, to be able to solve all the problems someone or something has, or to cure a wide range of illnesses.
He was the first physician to use leeches as a cure-all.
Thesaurus for panacea from the Collins English Thesaurus
If you say that something is not a panacea for a particular set of problems , you mean that it will not solve all those problems.