World Bank approved $100 Million for Panama

The loan aims to enhance private sector competitiveness, consolidate fiscal discipline and increase public sector accountability.

Wednesday, December 17, 2008


The Second Competitiveness and Public Financial Management Development Policy Loan (DPL) is the result of close coordination with Panamanian officials and is the second of the program’s two loans specified in the Country Partnership Strategy 2008-2010 that supports specific components of the government’s program.

“This second DPL will support institutional reform and key policies for lasting and equitable growth in Panama, such as fiscal discipline consolidation, accountability, and the modernization of public financial management,” said Laura Frigenti, World Bank Director for Central America.

The loan will focus on:
-Reducing red tape, thereby improving competitiveness.
-Improving professional training and innovation.
-Improving public finance management, including debt management.
-Increasing accountability in fiscal management and recruitment in the public sector.

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